DAILY ANALYSIS REPORT MARCH 01 2022

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01 March 2022
Daily Analysis Report

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Asian Bulle n: Aussie falls immediately a er RBA’s Monetary Policy Statement, Asian stock markets in green, gold stabilizes above $1,900
Key Headlines:
• Australia AIG Manufacturing Index stands at 53.2 vs 48.4.
• Australia Current Account stands at 12.7B vs 22.0B previous release.
• Japan Final Manufacturing PMI stands at 52.7 vs 52.9 previous release.
• China Final manufacturing PMI stands at 50.2 vs 50.1 previous release.
• China Non Manufacturing PMI stands at 51.6 vs 51.1 previous release.
• China Caixin Manufacturing PMI stands at 50.4 vs 49.1 previous release.
• RBA - Prepared to be pa ent in monitoring infla on, commi ed to highly suppor ve monetary condi ons.
• RBA - will not increase the cash rate un l actual infla on is sustainably within the 2% to 3% target range.
• RBA - underemployment around lowest level since 2008.
• RBA - Ukraine war a major source of uncertainty.
• Russia's central bank more than doubled its key policy rate on Monday and introduced some capital controls as the country faced deepening economic isola on, but its governor
said sanc ons had stopped it selling foreign currency to prop up the rouble – Reuters.
• Energy giants BP and Shell, global bank HSBC and the world's biggest aircra leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western
sanc ons ghtened the screws on Moscow over its invasion of Ukraine – Reuters.
• The S&P 500 ended lower a er a vola le session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanc ons against
Russia as it con nued its invasion of Ukraine – Reuters.
• The United States on Monday imposed sanc ons on Russia's central bank and other sources of wealth, dealing a crushing blow to the country's economy and further punishing
Moscow over its invasion of Ukraine – Reuters.
• The European Central Bank should hold off on removing any more s mulus for now as the war in Ukraine raises uncertainty and the bank s ll needs evidence that infla on will not
fall back below target, ECB board member Fabio Pane a said on Monday – Reuters.
• The U.S. Centers for Disease Control and Preven on (CDC) on Monday recommended unvaccinated travelers avoid travel to Hong Kong over rising COVID-19 cases – Reuters.
• Novavax Inc said on Monday that an extended analysis of a late-stage study conducted in the United Kingdom showed that its COVID-19 vaccine provided long-term protec on
against the coronavirus – Reuters.
• Two doses of the Pfizer Inc and BioNTech SE COVID-19 vaccine was protec ve against severe disease in children aged 5 to 11 during the recent Omicron variant surge, but quickly lost
most of its ability to prevent infec on in the age group, according to a study by New York State researchers – Reuters.
Economic Data Ahead:
• (0815 GMT/1345 IST) Spain Manufacturing PMI, previous 56.2, expected 59.9.
• (0830 GMT/1400 IST) Swiss Manufacturing PMI, previous 63.8, expected 64.2.
• (0845 GMT/1415 IST) Italy Manufacturing PMI, previous 58.3, expected 58.0.
• (0850 GMT/1420 IST) France Final Manufacturing PMI, previous 57.6, expected 57.6.
• (0855 GMT/1425 IST) German Final Manufacturing PMI, previous 58.5, expected 58.5.
• (0900 GMT/1430 IST) Euro Final Manufacturing PMI, previous 58.4, expected 58.4.
• (0930 GMT/1500 IST) U.K. Final manufacturing PMI, previous 57.3, expected 57.3.
• (1000 GMT/1530 IST) Italy Prelim CPI, previous 1.6, expected 0.7.
• (1330 GMT/1900 IST) Canada GDP, previous 0.6, expected 0.0.
• (1430 GMT/2000 IST) Canada Manufacturing PMI, previous 56.2.
• (1445 GMT/2015 IST) U.S. Final Manufacturing PMI, previous 57.5, expected 57.5.
• (1500 GMT/2030 IST) U.S. ISM Manufacturing PMI, previous 57.6, expected 58.0.
Economic Events Ahead:
• All Day – German Prelim CPI, previous 0.4, expected 0.8.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.16% to 96.86 points.

3. AUD / USD
BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7272
R2 S2
0.7299
R3 S3
0.7315
R4
Commentary
S4
0.7350
Buy Above 0.7270
0.7302
0.7251
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7240
0.7210
0.7268
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie falls immediately after RBA’s Policy Rate Decision and slips below $0.7250
mark. Today pair made intraday high at $0.7267 and low at $0.7246 mark. A day chart and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above $0.7272 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7240 will check further
supports.
0.7240
0.7210
0.7180
0.7150
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1222
R2 S2
1.1238
R3 S3
1.1252
R4
Commentary
S4
1.1276
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-
Time Frame: H1
EUR/USD: The euro trades marginally lower on Tuesday and hovers around $1.1200 mark. The pair
made intraday high at $1.1220 and low at $1.1192 mark. Today triple EMAon a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1222 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1190 on H1 chart will check further
supports.
EUR / USD
1.1190
1.1165
1.1150
1.1115
Buy Above 1.1221
1.1252
1.1196
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1180
1.1150
1.1205
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3430
R2 S2
1.3455
R3 S3
1.3472
R4
Commentary
S4
1.3499
Buy Above 1.3431
1.3470
1.3405
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3390
1.3355
1.3421
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and consolidates around $1.3400 mark.
Today pair made intraday high at $1.3424 and low at $1.3406 mark.Aday chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $1.3430 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.3389 will check further
supports.
USD
1.3389
1.3370
1.3340
1.3310
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2022

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2700
R2 S2
1.2718
R3 S3
1.2740
R4
Commentary
S4
1.2772
Buy Above 1.2700
1.2730
1.2678
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2660
1.2631
1.2690
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD strengthened sharply in previous session and today remains well supported
below 1.2700 mark. Pair made intraday high at 1.2678 and low at 1.2665 mark.Today a day chart is up
and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2692 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2660 on H1
chart will check key supports too.
USD /CAD
1.2660
1.2632
1.2610
1.2584
MARCH,
2022

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
115.30
R2 S2
115.57
R3 S3
115.72
R4
Commentary
S4
115.90
Buy Above 115.30
115.55
115.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.00
114.72
115.22
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Tuesday as Japan released Final
Manufacturing PMI data with flat numbers. The pair made intraday high at 115.28 and low at 114.94
mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A
sustained close above 115.30 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 114.86 on H1 chart will check further key supports.
USD /JPY
114.86
114.65
114.30
114.05
MARCH,
2022

8. BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1909
R2 S2
1914
R3 S3
1920
R4
Commentary
S4
1926
Buy Above 1910
1916
1904
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1898
1890
1906
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement and remains well supported above $1,900
mark. Today pair made intraday high at $1,909 and low at $1,901 mark. A triple EMA on a day chart is
up and H1 chart suggests down trend for the time being. A sustained close above $1,909 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,898 will check further supports.
XAU [GOLD]
USD
/
1898
1891
1886
1881
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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