DAILY ANALYSIS REPORT MARCH 02 2022

1. +1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
02 March 2022
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar remains almost unchanged against major peers despite Biden’s speech, Asian stock markets dras cally down; gold stabilizes below $1,940 mark
Key Headlines:
• New Zealand Overseas Trade Index stands at -1.0 pct vs 0.4 pct previous release.
• New Zealand Building Consents stands at -9.2 pct vs 0.4 pct previous release.
• Japan Capital Spending stands at 4.3 pct vs 1.2 pct previous release.
• Australia GDP q/q stands at 3.4 pct vs -1.9 pct previous release.
• Biden – U.S. will close off all airspace to all Russian Flights. (Source – Market Watch)
• Biden – Biden’s Tech pitch seeks billions for chip manufacturing, online protec on for kids. (Source – Market Watch)
• Biden – Pu n’s war is making Russia weaker and the rest of the world stronger. (Source – Market Watch)
• Biden – Revive EV, Clean energy incen ves to help control infla on. (Source – Market Watch)
• Biden – Announce State of union to renew push for $15 – an hour minimum wage. (Source – Market Watch)
• Biden – U.S. stands with the Ukrainian People and congress stands – Reuters.
• U.S. Trade Representa ve Katherine Tai and Labor Secretary Marty Walsh on Tuesday lauded Mexico's efforts to assure a "fair and safe" union vote at the Tridonex auto parts plant,
and said they would con nue to press Mexico to advance labor rights – Reuters.
• U.S. Treasury Secretary Janet Yellen on Tuesday told European Commission Execu ve Vice President Valdis Dombrovskis that coopera on was needed on "further strong measures"
in response to Russia's invasion of Ukraine a er unprecedented sanc ons, the U.S. Treasury said – Reuters.
• Britain on Tuesday confirmed that a requirement for health workers to have a COVID-19 vaccina on would no longer be introduced in April and care home workers would no longer
be required to have the shots from March 15 – Reuters.
• Germany will provide a further $1.5 billion to a global ini a ve for be er access to coronavirus vaccines for poorer countries, Finance Minister Chris an Lindner said on Tuesday –
Reuters.
• The U.S health regulator has declined to approve Gilead Sciences' injectable drug for the treatment of HIV-1 infec on over concerns related to the vials meant for the drug, the
company said on Tuesday – Reuters.
• Pfizer Inc said on Tuesday its vaccine to prevent infec ons from a bacteria that mainly spreads through hospitals and doctors' offices and can even prove fatal, failed to meet the
main goal of a late-stage study – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. HPI, previous 0.8, expected 0.6.
• (0745 GMT/1315 IST) France Budget balance, previous -170.7B.
• (0800 GMT/1330 IST) Spain unemployment Change, previous 17.2K, expected -44.5K.
• (0855 GMT/1425 IST) German unemployment Change, previous -48K, expected -22K.
• (1000 GMT/1530 IST) Euro CPI flash Es mate, previous 5.1, expected 5.6.
• (1000 GMT/1530 IST) Euro Core CPI Flash Es mate, previous 2.3, expected 2.6.
• (1315 GMT/1845 IST) U.S. ADP Job results, previous -301K, expected 378K.
• (1500 GMT/2030 IST) Canada Interest Rate Decision, previous 0.25, expected 0.50.
Economic Events Ahead:
• All Day – OPEC JMMC Mee ngs.
• (1500 GMT/2030 IST) U.S. Fed Chair Powell’s Tes mony.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 97.38 points.

3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
0.7299
R2 S2
0.7315
R3 S3
0.7350
R4
Commentary
S4
0.7376
Buy Above 0.7285
0.7315
0.7260
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7247
0.7215
0.7270
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie remained extremely volatile after RBA’s Policy Rate Decision and today starts
a new day on a higher note. Today pair made intraday high at $0.7282 and low at $0.7247 mark.Aday
chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above
$0.7285 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
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1150
R2 S2
1.1172
R3 S3
1.1196
R4
Commentary
S4
1.1222
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro fell extremely on previous session and starts a new day on a flat note. The pair
made intraday high at $1.1135 and low at $1.1111 mark. Today triple EMAon a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1150 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1100 on H1 chart will check further
supports.
EUR / USD
1.1100
1.1072
1.1050
1.1021
Buy Above 1.1150
1.1178
1.1127
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1100
1.1062
1.1122
– 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
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3351
R2 S2
1.3378
R3 S3
1.3399
R4
Commentary
S4
1.3415
Buy Above 1.3340
1.3375
1.3310
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3302
1.3268
1.3330
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling weakened drastically in previous session and touched $1.3298 mark. Today
pair trades in narrow range and stabilizes above $1.3300 mark. Today pair made intraday high at
$1.3338 and low at $1.3314 mark. A day chart and H1 chart with triple EMA suggest down trend for
the time being. A sustained close above $1.3351 on H1 chart will check key resistances.
Alternatively, a consistent close below $1.3301 will check further supports.
USD
1.3301
1.3278
1.3250
1.3222
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2022

6. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1.2750
R2 S2
1.2772
R3 S3
1.2799
R4
Commentary
S4
1.2815
Buy Above 1.2740
1.2773
1.2720
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2702
1.2662
1.2732
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD starts a new day on a higher note ahead of Bank of Canada’s Interest Rest
decision and remains well supported above 1.2700 mark. Pair made intraday high at 1.2743 and low
at 1.2714 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A
sustained close above 1.2750 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2700 on H1 chart will check key supports too.
USD /CAD
1.2700
1.2672
1.2650
1.2622
MARCH,
2022

7. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
115.30
R2 S2
115.57
R3 S3
115.72
R4
Commentary
S4
115.90
Buy Above 114.89
115.12
115.37
– Take Profit
– Stop Loss
Trade Idea
Sell Below 114.80
114.56
115.05
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates on Wednesday as Japan after mixed economic results.
The pair made intraday high at 115.08 and low at 114.78 mark. The triple EMAon a day chart is up and
H1 chart suggests down trend for the time being.Asustained close above 115.10 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 114.72 on H1 chart will check further key
supports.
USD /JPY
114.72
114.30
114.05
113.80
MARCH,
2022

8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1945
R2 S2
1952
R3 S3
1958
R4
Commentary
S4
1964
Buy Above 1947
1955
1941
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1930
1921
1937
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold rose noticeably on previous session and touches $1,950 mark. Today pair
made intraday high at $1,945 and low at $1,931 mark. A triple EMA on a day chart and H1 chart
suggest up trend for the time being. A sustained close above $1,945 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1,932 will check further supports. Later today
U.S.ADPJob results will remain in focus.
XAU [GOLD]
USD
/
1931
1926
1920
1912
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note