DAILY ANALYSIS REPORT MARCH 18 2022

+1 7754 366 970
analysis@tpglobalfx.com
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18 March 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: Japanese yen remains almost unchanged a er BoJ’s Policy Rate Decision, Asian stock markets mixed, gold hovers around $1,930 mark
Key Headlines:
• Japan Na onal Core CPI stands at 0.6 pct vs 0.2 pct previous release.
• Coupon payments on Russian sovereign bonds due this week were received by correspondent bank JPMorgan , processed and the bank then made an onwards credit to the paying
agent Ci , a source familiar with the situa on said on Thursday – Reuters.
• The U.S. House of Representa ves overwhelmingly backed legisla on on Thursday to remove "most favored na on" trade status for Russia and Belarus over the invasion of Ukraine,
paving the way for higher tariﬀs on imports from the countries – Reuters.
• Germany will li most restric ons to contain the coronavirus despite infec ons hi ng a record in the country on Thursday – Reuters.
• A board of experts advising the Italian government on the COVID-19 crisis will be disbanded when the na onal state of emergency ends on March 31, Prime Minister Mario Draghi
said on Thursday – Reuters.
• An AstraZeneca Plc execu ve said the Bri sh drugmaker would consider not submi ng its COVID-19 vaccine for approval in the United States if the regulatory process takes too
long, the Financial Times reported on Thursday – Reuters.
• Britain's medicines regulator has approved AstraZeneca's an body-based COVID-19 treatment for preven ng infec ons in adults with poor immune response, marking a major step
in the ﬁght against the pandemic as infec ons surge globally – Reuters.
• Moderna Inc said on Thursday Canada authorized its COVID-19 vaccine for use in children between 6 and 11 years of age – Reuters.
Economic Data Ahead:
• (0900 GMT/1430 IST) Italy Trade Balance, previous 1.10B, expected 3.05B.
• (1000 GMT/1530 IST) Euro Trade balance, previous -9.7B, expected -9.1B.
• (1230 GMT/1800 IST) Canada Retail Sales, previous -1.8 pct, expected 2.4.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous -2.5 pct, expected 2.3.
• (1400 GMT/1930 IST) U.S. Exis ng home Sales, previous 6.50M, expected 6.10M.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.10% to 98.08 points.

AUD / USD
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
0.7399
R2 S2
0.7426
R3 S3
0.7455
R4
Commentary
S4
0.7478
Buy Above 0.7396
0.7426
0.7368
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7355
0.7320
0.7382
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
AUD/USD: TheAussie spiked up sharply in previous session and touches $0.7393 mark in earlyAsia.
Today pair made intraday high at $0.7393 and low at $0.7371 mark. A day chart and H1 chart with
triple EMAsuggest up trend for the time being.Asustained close above $0.7392 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.7350 will check further supports.
0.7350
0.7315
0.7300
0.7278
MARCH,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1101
R2 S2
1.1126
R3 S3
1.1154
R4
Commentary
S4
1.1182
+1 7754 366 970
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Time Frame: H1
EUR/USD: The euro strengthened sharply in previous session and touched $1.1137 mark. The pair
made intraday high at $1.1118 and low at $1.1081 mark. Today triple EMAon a day chart is down and
H1 chart suggests up trend for the time being.Aconsistent close above $1.1101 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1070 on H1 chart will check further
supports.
EUR / USD
1.1070
1.1040
1.1015
1.1000
Buy Above 1.1105
1.1132
1.1076
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1065
1.1027
1.1095
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
MARCH,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3172
R2 S2
1.3199
R3 S3
1.3226
R4
Commentary
S4
1.3254
Buy Above 1.3185
1.3220
1.3160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3130
1.3100
1.3160
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
GBP/USD: The sterling remained highly volatile in previous session after BOE’s Monetary Policy
Statement. Today pair made intraday high at $1.3183 and low at $1.3145 mark. A day chart is down
and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3172
on H1 chart will check key resistances. Alternatively, a consistent close below $1.3130 will check
further supports.
USD
1.3130
1.3100
1.3080
1.3055
GBP/
Trends UpTrend
MARCH,
2022

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
1.2640
R2 S2
1.2678
R3 S3
1.2699
R4
Commentary
S4
1.2715
Buy Above 1.2640
1.2670
1.2610
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2600
1.2571
1.2625
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/CAD: The CAD appreciated sharply on Thursday and touched 1.2613 mark. Pair made intraday
high at 1.2635 and low at 1.2613 mark. Today a day chart is up and H1 chart with triple EMAsuggests
down trend for the time being. A sustained close above 1.2640 on H1 chart requires for the upside
rally.Alternatively, a consistent close below 1.2600 on H1 chart will check key supports too. Canada’s
Retail Sales data will remain in focus.
USD /CAD
1.2600
1.2580
1.2555
1.2530
MARCH,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
119.12
R2 S2
119.56
R3 S3
119.88
R4
Commentary
S4
120.24
Buy Above 118.90
119.25
118.60
– Take Profit
– Stop Loss
Trade Idea
Sell Below 118.51
118.20
118.77
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher ahead of BoJ’s policy rate decision and hovers
around 118.70 mark. The pair made intraday high at 118.76 and low at 118.47 mark. The triple EMAon
a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 118.90 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 118.40 on H1 chart will
check further key supports.
USD /JPY
118.40
118.12
117.90
117.65
MARCH,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1948
R2 S2
1954
R3 S3
1960
R4
Commentary
S4
1967
Buy Above 1948
1955
1942
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1921
1912
1927
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
XAU/USD (GOLD): Gold exhibits range bound movement and remains well supported above $1,930
mark. Today pair made intraday high at $1,945 and low at $1,926 mark. A triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above $1,948 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,921 will check further supports.
Traders eye U.S. Industrial Production data for the further directions. U.S. Economic Calendar will
remain light for the day.
XAU [GOLD]
USD
/
1921
1915
1909
1901
MARCH,
2022

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT MARCH 18 2022

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DAILY ANALYSIS REPORT MARCH 18 2022