DAILY ANALYSIS REPORT JUNE 20 2022

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analysis@tpglobalfx.com
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20 June 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: Japanese yen con nues to trade lower against U.S. dollar, Asian stock markets mixed, gold stabilizes below $1,850 mark
Key Headlines:
• New Zealand Business Service Index stands at 55.2 vs 52.2 previous release.
• U.K. HPI stands at 0.3 pct vs 2.1 pct previous release.
• Hungary's Finance Minister Mihaly Varga told his EU counterparts on Friday that his country could not support a reform of corporate taxa on at this stage, effec vely preven ng a
deal at EU level – Reuters.
• Chances of Britain heading into a recession over the next year or two have increased amid soaring infla on due to the country's vulnerability to external shocks, J.P.Morgan
economists said on Friday, a day a er the Bank of England raised borrowing costs – Reuters.
• U.S. stock index futures bounced back on Friday from a brutal Wall Street selloff this week a er the Federal Reserve's largest rate hike since 1994 and ghtening measures by other
major central banks raised fears of a recession – Reuters.
• Russia's economy may need a decade to return to the pre-sanc ons levels of 2021, the chief execu ve of the country's top bank Sberbank said on Friday, as economic curbs have cut
the country off from half of its trade – Reuters.
• Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days a er the cosme cs giant filed for bankruptcy, business channel ET Now
reported on Friday, ci ng sources – Reuters.
• U.S. Treasury Secretary Janet Yellen on Sunday said that a recession is not "inevitable" as the Biden administra on makes efforts to tackle record infla on – upi.com
• Macau's government said on Sunday it would begin mass COVID-19 tes ng for all residents a er locally transmi ed coronavirus cases were found overnight - Reuters.
• North Korea has dispatched medical crews and epidemiological inves gators to a province ba ling the outbreak of an intes nal disease, state media reported on Sunday – Reuters.
• Mainland China reported 159 new coronavirus cases for June 18, of which 36 were symptoma c and 123 were asymptoma c, the Na onal Health Commission said on Sunday –
Reuters.
• North Korea has recorded another 19,310 new fever cases amid its first official COVID-19 outbreak, state news agency KCNA reported on Sunday, without detailing how many of
those pa ents had tested posi ve for the coronavirus – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German PPI, previous 2.8, expected 1.5.
Economic Events Ahead:
• (0800 GMT/1330 IST) U.K. MPC member Haskel Speaks.
• (1300 GMT/1830 IST) ECB President Lagarde Speaks.
• (1300 GMT/1830 IST) U.K. MPC member Mann Speaks.
• (1445 GMT/2215 IST) U.S. FOMC Member Bullard Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.26% to 104.43 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
0.6965
R2 S2
0.7002
R3 S3
0.7022
R4
Commentary
S4
0.7051
Buy Above 0.6972
0.6998
0.6937
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6920
0.6890
0.6951
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie starts a new day on a positive note and hovers around $0.6950 mark. Today
pair made intraday high at $0.6960 and low at $0.6915mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $0.6965 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.6920 will check further supports.
0.6920
0.6891
0.6865
0.6842
JUNE,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0540
R2 S2
1.0572
R3 S3
1.0594
R4
Commentary
S4
1.0622
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The euro strengthens on Monday ahead of German PPI and ECB President Lagarde’s
speech. The pair made intraday high at $1.0528 and low at $1.0493 mark. Today triple EMA on a day
chart is down and H1 chart suggests bullish trend for the time being.Aconsistent close above $1.0540
on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0485 on H1 chart
will check further supports.
EUR / USD
1.0485
1.0465
1.0432
1.0410
Buy Above 1.0540
1.0572
1.0511
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0490
1.0462
1.0521
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
JUNE,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2262
R2 S2
1.2296
R3 S3
1.2318
R4
Commentary
S4
1.2354
Buy Above 1.2262
1.2290
1.2228
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2200
1.2170
1.2222
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
GBP/USD: The sterling remains almost unchanged after House Price Index data and trading around
$1.2250 mark. Today pair made intraday high at $1.2252 and low at $1.2198 mark. A day chart and
H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2262 on
H1 chart will check key resistances.Alternatively, a consistent close below $1.2200 will check further
supports.
USD
1.2200
1.2165
1.2137
1.2112
GBP/
Trends Up Trend
JUNE,
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
1.3030
R2 S2
1.3055
R3 S3
1.3072
R4
Commentary
S4
1.3099
Buy Above 1.3031
1.3070
1.3002
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2982
1.2938
1.3014
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The CAD appreciates on Monday and hovers around 1.3000 mark. Today the pair made
intraday high at 1.3036 and low at 1.2995 mark. Today a day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above 1.3030 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2980 on H1 chart will check key supports too.
USD /CAD
1.2980
1.2955
1.2921
1.2904
JUNE,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
135.55
R2 S2
135.82
R3 S3
136.18
R4
Commentary
S4
136.62
Buy Above 135.31
135.70
134.94
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.68
134.18
135.12
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen starts a new day on a lower note and hovers around 135.00 mark. The
pair made intraday high at 135.44 and low at 134.66 mark. The triple EMAon a day chart and H1 chart
suggest up trend for the time being. A sustained close above 135.30 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 134.70 on H1 chart will check further key supports.
USD /JPY
134.70
134.32
134.10
133.78
JUNE,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1848
R2 S2
1852
R3 S3
1858
R4
Commentary
S4
1864
Buy Above 1848
1854
1841
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1836
1830
1842
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold trades in rigid boundaries on Monday as US banks will be closed in
observance of National Independence Day. Today the pair made intraday high at $1,846 and low at
$1,834 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.A
sustained close above $1,848 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,836 on H1 chart will test further supports. Later today U.S. FOMC Member Bullard’s
speech will remain in focus.
XAU [GOLD]
USD
/
1836
1832
1826
1821
JUNE,
2022

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT JUNE 20 2022

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DAILY ANALYSIS REPORT JUNE 20 2022