DAILY ANALYSIS REPORT FEBRUARY 02 2022

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02 February 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Aussie remains vola le a er RBA Governor Lowe’s comments, Asian stock markets in green, gold hovers around $1,800 mark
Key Headlines:
• New Zealand Employment change stands at 0.1 pct vs 1.9 pct previous release.
• New Zealand unemployment rate stands at 3.2 pct vs 3.3 previous release.
• RBA’s Lowe Reiterates End of QE doesn't mean Cash-Rate Rise Imminent.
• RBA’s Lowe - Too Early to say Infla on sustainably in target range.
• RBA’s Lowe - There's no need to move in lockstep with other central banks.
• RBA'S Lowe - It's unclear if rates will rise this year.
• Spo fy's plan to add a content advisory to any discussion of COVID-19 on its pla orm is a posi ve step, but tech pla orms should do more to prevent the spread of misinforma on
on the coronavirus, the White House said on Tuesday – Reuters.
• Pfizer Inc and BioNTech have begun submi ng data to U.S. regulators seeking emergency use authoriza on (EUA) of their COVID-19 vaccine for children under age 5, Bloomberg
reported on Tuesday, despite weaker than expected immune responses in their clinical trial of 2- to 4-year-olds – Reuters.
• Norway will scrap most of its remaining COVID-19 lockdown measures with immediate effect as a spike in coronavirus infec ons is unlikely to jeopardise health services, the prime
minister said on Tuesday – Reuters.
• Turkey has recorded 102,601 new COVID-19 cases in the space of 24 hours, surpassing the 100,000 mark for the first me since the beginning of the pandemic, health ministry data
showed on Tuesday - Reuters.
• Many countries have not reached their peak in cases of the highly transmissible Omicron variant of the coronavirus and measures imposed to curb its spread should be eased slowly,
the World Health Organiza on's technical lead on COVID-19 said on Tuesday – Reuters.
Economic Data Ahead:
• (0800 GMT/1330 IST) Spain unemployment change, previous -76.8K, expected -50.7K.
• (1000 GMT/1530 IST) Euro CPI flash Es mates, previous 5.0, expected 4.4.
• (1000 GMT/1530 IST) Euro Core CPI flash Es mates, previous 2.6, expected 1.9.
• (1315 GMT/1845 IST) U.S. ADP Job data, previous 807K, expected 185K.
• (1330 GMT/1900 IST) Canada Building Permits, previous 6.8, expected -1.6.
Economic Events Ahead:
• All Day – OPEC JMMC Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.13% to 96.26 points.

3. 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
0.7155
R2 S2
0.7182
R3 S3
0.7210
R4
Commentary
S4
0.7240
Buy Above 0.7150
0.7182
0.7122
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7110
0.7080
0.7138
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie recovers sharply from previous losses after RBA Gov Lowe’s comments and
remains well supported above $0.7100 mark. Today pair made intraday high at $0.7146 and low at
$0.7126 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.A
sustained close above $0.7140 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7102 will check further supports.
0.7102
0.7076
0.7050
0.7012
FEBRUARY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1280
R2 S2
1.1304
R3 S3
1.1330
R4
Commentary
S4
1.1354
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-
Time Frame: H1
EUR/USD: The Euro rose sharply in previous session and currently trading around $1.1270 mark
ahead of Euro CPI Flash Estimate results. The pair made intraday high at $1.1277 and low at $1.1268
mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A
consistent close above $1.1280 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1237 on H1 chart will check further supports.
EUR / USD
1.1250
1.1237
1.1205
1.1176
Buy Above 1.1280
1.1315
1.1255
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1252
1.1222
1.1276
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FEBRUARY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3530
R2 S2
1.3562
R3 S3
1.3590
R4
Commentary
S4
1.3618
Buy Above 1.3532
1.3562
1.3510
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3502
1.3472
1.3526
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling appreciated drastically in previous session and jumped back above $1.3500
mark. Today pair made intraday high at $1.3527 and low at $1.3511 mark.Aday chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1.3530 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3500 will check further
supports.
USD
1.3500
1.3478
1.3450
1.3421
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FEBRUARY,
2022

6. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2701
R2 S2
1.2722
R3 S3
1.2750
R4
Commentary
S4
1.2774
Buy Above 1.2705
1.2740
1.2678
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2670
1.2631
1.2698
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD trades flat ahead of Canada’s Building Permit results and trading around 1.2690
mark. Pair made intraday high at 1.2694 and low at 1.2675 mark. Today a day chart is up and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above 1.2701 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2655 on H1 chart will check key
supports too.
USD /CAD
1.2655
1.2621
1.2600
1.2580
FEBRUARY,
2022

7. 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
114.92
R2 S2
115.22
R3 S3
115.52
R4
Commentary
S4
115.76
Buy Above 114.91
115.21
114.60
– Take Profit
– Stop Loss
Trade Idea
Sell Below 114.57
114.32
114.76
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades flat on Wednesday and trading around 114.70 mark. The pair
made intraday high at 114.78 and low at 114.63 mark. The triple EMAon a day chart is up and H1 chart
suggests down trend for the time being. A sustained close above 114.92 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 114.62 on H1 chart will check further key supports.
USD /JPY
114.62
114.30
114.01
113.72
FEBRUARY,
2022

8. 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
1802
R2 S2
1806
R3 S3
1812
R4
Commentary
S4
1818
Buy Above 1802
1808
1796
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1794
1787
1799
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold enjoys roller coaster movement and hovers around $1,800 mark ahead
of U.S.ADP job data. Today pair made intraday high at $1,801 and low at $1,797 mark.Atriple EMAon
a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,802 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 will check further
supports.
XAU [GOLD]
USD
/
1792
1786
1781
1776
FEBRUARY,
2022

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