DAILY ANALYSIS REPORT FEBRUARY 17 2022

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17 February 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Major FX Currency Pairs face vola lity on news of the Ukrainian Firing, Asian stock markets mixed, gold stabilizes above $1,870 mark
Key Headlines:
• Ukrainian Armed Forces Fire Mortar Shells, Grenades on 4 LPR Locali es – Breaking News.
• Japan Core Machinery Orders stands at 3.6 pct vs 3.4 pct previous release.
• Japan Trade balance stands at -0.93T vs -0.55T previous release.
• Australia Employment Change stands at 12.9K vs 64.8K previous release.
• Australia Unemployment Rate remains unchanged at 4.2 pct.
• Fed Minutes – Par cipants believed that a faster increase in the Federal Funds target range than in the post-2015 period would be jus fied.
• Fed Minutes – Most par cipants preferred that net asset purchases con nue to be reduced in accordance to the schedule announced in December.
• Fed Minutes – Many par cipants commented that they viewed labor market condi ons as already at or very close to those consistent with maximum employment.
• Fed Minutes – Infla on is likely to decline over the rest of the year as supply and demand mismatches ease and monetary policy support is removed.
• U.S. Treasury Secretary Yellen states that heightening infla on is unacceptable, but the economy is sound.
• Texas A orney General Ken Paxton sued the Biden administra on on Wednesday over a government mandate requiring that masks be worn at U.S. airports and on airplanes and other transit
modes – Reuters.
• Delivery of Pfizer and BioNTech SE’s vaccine to combat the Omicron COVID-19 variant was delayed by several weeks due to a slower-than expected data gathering process, BionTech Chief
Execu ve Ugur Sahin told Germany’s Bild on Thursday – Reuters.
• Greece will li some coronavirus restric ons on the hospitality sector a er the recommenda on of infec ous disease experts as COVID-19 infec ons ease from recent highs, the country’s
health minister said on Wednesday – Reuters.
• A drop in COVID-19 tes ng rates is likely contribu ng to a decline in reported cases even as deaths are rising, the World Health Organiza on’s technical lead on COVID-19 Maria Van Kerkhove
said on Wednesday – Reuters.
• Italy reported 59,749 COVID-19 related cases on Wednesday, against 70,852 the day before, the health ministry said, while the number of deaths fell to 278 from 388 – Reuters.
• U.S. health officials said on Wednesday they are preparing for the next phase of the COVID-19 pandemic as Omicron-related cases decline, including upda ng CDC guidance on mask-wearing
and shoring up U.S. tes ng capacity – Reuters.
• Chancellor Olaf Scholz agreed with the heads of Germany’s federal states on Wednesday to ease coronavirus restric ons in the spring but said the pandemic was not over yet – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) Swiss Trade Balance, previous 3.69B, expected 4.23B.
• (0900 GMT/1430 IST) Italy Trade Balance, previous 4.16B, expected 5.11B.
• (1330 GMT/1900 IST) Canada ADP Non Farm Employment Change, previous 19.2K.
• (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 23.2, expected 19.9.
• (1330 GMT/1900 IST) U.S. Unemployment Claims Weekly, previous 223K, expected 217K.
• (1330 GMT/1900 IST) U.S. Building Permits, previous 1.89M, expected 1.74M.
• (1330 GMT/1900 IST) U.S. Housing Starts, previous 1.70M, expected 1.70M.
Economic Events Ahead:
• (0900 GMT/1430 IST) ECB Economic Bulle n.
• (1600 GMT/2130 IST) U.S. FOMC Member Bullard Speaks.
• All Day – G20 Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.07% to 95.77 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
0.7222
R2 S2
0.7250
R3 S3
0.7272
R4
Commentary
S4
0.7299
Buy Above 0.7222
0.7250
0.7189
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7185
0.7155
0.7210
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie strengthens sharply after robust Employment Change data and jumps back
above $0.7200 mark. Today pair made intraday high at $0.7215 and low at $0.7190 mark.Aday chart
is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$0.7222 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 will
check further supports.
0.7190
0.7170
0.7137
0.7110
FEBRUARY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1390
R2 S2
1.1405
R3 S3
1.1432
R4
Commentary
S4
1.1457
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-
Time Frame: H1
EUR/USD: The Euro trades in narrow range ahead of economic light calendar and trading around
$1.1380 mark. The pair made intraday high at $1.1384 and low at $1.1367 mark. Today triple EMAon
a day chart and H1 chart suggest up trend for the time being.Aconsistent close above $1.1390 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1362 on H1 chart will
check further supports.
EUR / USD
1.1362
1.1330
1.1300
1.1280
Buy Above 1.1395
1.1421
1.1370
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1362
1.1330
1.1390
– 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
1.3605
R2 S2
1.3637
R3 S3
1.3650
R4
Commentary
S4
1.3672
Buy Above 1.3605
1.3630
1.3580
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3576
1.3550
1.3599
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling trades marginally higher on Thursday and hovers around $1.3600 mark.
U.K.’s Economic Calendar is empty for the day. Today pair made intraday high at $1.3603 and low at
$1.3573 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A
sustained close above $1.3605 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.3570 will check further supports.
USD
1.3570
1.3555
1.3521
1.3502
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) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2730
R2 S2
1.2750
R3 S3
1.2772
R4
Commentary
S4
1.2799
Buy Above 1.2738
1.2768
1.2705
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2687
1.2655
1.2715
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD depreciates sharply during Asian hours and stabilizes above 1.2700 mark. Pair
made intraday high at 1.2734 and low at 1.2679 mark. Today a day chart is up and H1 chart with triple
EMAsuggests down trend for the time being.Asustained close above 1.2730 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2672 on H1 chart will check key supports too.
Canada’s Housing start data is in focus.
USD /CAD
1.2672
1.2650
1.2626
1.2600
FEBRUARY,
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
115.55
R2 S2
115.76
R3 S3
115.94
R4
Commentary
S4
116.15
Buy Above 115.57
115.78
115.31
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.30
115.10
115.50
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged after Core Machinery Orders and Trade
Balance data and trading around 115.50 mark. The pair made intraday high at 115.53 and low at
115.33 mark. The triple EMAon a day chart is up and H1 chart suggests down trend for the time being.
A sustained close above 115.55 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 115.30 on H1 chart will check further key supports.
USD /JPY
115.30
115.10
114.90
114.65
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
1876
R2 S2
1882
R3 S3
1889
R4
Commentary
S4
1894
Buy Above 1878
1886
1871
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1864
1857
1870
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains volatile on Thursday on the news of Ukraine Forces firing grenades
on four different localities. Today pair made intraday high at $1,876 and low at $1,867 mark. A triple
EMAon a day chart and H1 chart suggest up trend for the time being.Asustained close above $1,876
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,864 will check
further supports.Traders eye U.S. Philly Fed Manufacturing Data scheduled later today.
XAU [GOLD]
USD
/
1864
1857
1852
1847
FEBRUARY,
2022

9. Thank
you!
Info@tpglobalfx.com
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