DAILY ANALYSIS REPORT MARCH 03 2022

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03 March 2022
Daily Analysis Report

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Asian Bulle n: Canadian Dollar rose sharply a er BoC’s Interest Rate Hike decision, Asian stock markets in green, gold stabilizes above $1,920 mark
Key Headlines:
• Australia AIG Construc on Index stands at 53.4 vs 45.9 previous release.
• New Zealand commodity prices stand at 3.9 pct vs 1.0 pct previous release.
• Australia Building Approvals stand at -27.9 vs 9.8 pct previous release.
• Australia Trade Balance stands at 12.89B vs 8.52B previous release.
• China Caixin services PMI stands at 50.2 vs 51.4 previous release.
• Spo fy said on Wednesday it has closed its office in Russia indefinitely in response to what the audio streaming pla orm described as Moscow's "unprovoked a ack on Ukraine –
Reuters.
• Ne lix, fashion outlet H&M, tech company Oracle and many others cut or paused business in Russia on Wednesday because of the a ack on Ukraine, while the United States laid
out new sanc ons and a Ukrainian official outlined to Reuters plans for fanning corporate support – Reuters.
• Ci group Inc could face billions of dollars of losses at its Russian business under the worst case scenario, although it expects its actual losses to be less than that, Chief Financial
Officer Mark Mason said on Wednesday – Reuters.
• Ukraine plans to urge about 50 addi onal tech companies, including in gaming, esports and internet infrastructure, to take ac on against Russia following a slew of earlier requests,
a top Ukrainian government tech official told Reuters on Wednesday – Reuters.
• The U.S. economy expanded at a modest to moderate pace from mid January through mid February while infla on pressures broadened and employers con nued to struggle to find
workers, a Federal Reserve report showed on Wednesday – Reuters.
• Pfizer Inc is expected to provide around 10 million courses of its highly effec ve COVID-19 an viral treatment Paxlovid to low- and middle-income countries this year, according to an
official with the Global Fund, a healthcare NGO working to buy the pills from the drugmaker – Reuters.
• Greece will li its requirement of mask-wearing outdoors from Saturday, its health minister said on Wednesday, as COVID-19 infec ons are trending lower – Reuters.
• The White House will work with Congress in coming weeks to secure addi onal funding needed to prepare and manage COVID now and long-term, White House COVID-19 Response
Coordinator Jeff Zients told reporters on Wednesday – Reuters.
• Turkey eased the majority of coronavirus-related restric ons on Wednesday, Turkish Health Minister Fahre n Koca said, almost two years a er the first case was iden fied in the
country – Reuters.
• A first shipment of medical aid for Ukraine will arrive in Poland on Thursday, the World Health Organiza on (WHO) said, as the UN agency warned of an escala ng health crisis in the
country following Russia's invasion – Reuters.
• The U.S. military said on Wednesday it is no longer requiring masks indoors at the Pentagon a er new COVID-19 guidance from the Centers for Disease Control and Preven on –
Reuters.
Economic Data Ahead:
• (0730 GMT/1300 IST) Swiss CPI, previous 0.2, expected 0.3.
• (0815 GMT/1345 IST) Spain Services PMI, previous 46.6, expected 51.5.
• (0845 GMT/1415 IST) Italy Services PMI, previous 48.5, expected 52.6.
• (0850 GMT/1420 IST) France Final Services PMI, previous 48.5, expected 52.6.
• (0855 GMT/1425 IST) German Final Services PMI, previous 56.6, expected 56.6.
• (0900 GMT/1430 IST) Euro Final Services PMI, previous 55.8, expected 55.8.
• (0900 GMT/1430 IST) Italy Unemployment Rate, previous 7.0, expected 6.9.
• (1230 GMT/1800 IST) U.S. Challenger Job Cuts, previous -76.0.
• (1330 GMT/1900 IST) U.S. Unemployment Claims weekly, previous 232K, expected 223K.
• (1330 GMT/1900 IST) U.S. Revised Non Farm Produc vity, previous 6.6, expected 6.6.
• (1500 GMT/2030 IST) U.S. ISM Services PMI, previous 59.9, expected 61.2.
• (1500 GMT/2030 IST) U.S. Factory Orders, previous -0.4, expected 0.8.
Economic Events Ahead:
• (1230 GMT/1800 IST) ECB Monetary Policy Mee ng Accounts.
• (1500 GMT/2030 IST) U.S. Fed Chair Powell Tes mony Day 2.
• (1630 GMT/2200 IST) Bank of Canada Gov Macklem Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.13% to 97.51 points.

3. AUD / USD
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
0.7299
R2 S2
0.7315
R3 S3
0.7350
R4
Commentary
S4
0.7376
Buy Above 0.7299
0.7330
0.7278
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7270
0.7240
0.7296
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades in narrow range and hovers around key resistance at $0.7290 mark.
Today pair made intraday high at $0.7297 and low at $0.7276 mark. A day chart and H1 chart with
triple EMA suggest bullish trend for the time being. A sustained close above $0.7299 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7270 will check further
supports.
0.7270
0.7240
0.7210
0.7180
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1130
R2 S2
1.1150
R3 S3
1.1172
R4
Commentary
S4
1.1212
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-
Time Frame: H1
EUR/USD: The euro spikes down sharply against U.S. dollar amid Russia – Ukraine uncertainties.
The pair made intraday high at $1.1121 and low at $1.1089 mark. Today triple EMAon a day chart and
H1 chart suggest bearish trend for the time being. A consistent close above $1.1130 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.1090 on H1 chart will check
further supports.
EUR / USD
1.1072
1.1050
1.1021
1.1001
Buy Above 1.1130
1.1165
1.1105
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1085
1.1058
1.1111
– 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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3420
R2 S2
1.3450
R3 S3
1.3472
R4
Commentary
S4
1.3499
Buy Above 1.3420
1.3452
1.3390
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3375
1.3330
1.3402
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling recovers from previous losses and hovers around $1.3400 mark. Today pair
made intraday high at $1.3406 and low at $1.3376 mark. A day chart is down and H1 chart with triple
EMAsuggest up trend for the time being.Asustained close above $1.3420 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3370 will check further supports.
USD
1.3370
1.3337
1.3315
1.3300
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2022

6. 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
1.2657
R2 S2
1.2689
R3 S3
1.2715
R4
Commentary
S4
1.2730
Buy Above 1.2658
1.2690
1.2630
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2625
1.2591
1.2651
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD strengthened sharply after BOC’s first interest rate hike and touched 1.2628
mark. Pair made intraday high at 1.2654 and low at 1.2627 mark. Today a day chart is up and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above 1.2657 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2620 on H1 chart will check key
supports too.
USD /CAD
1.2620
1.2590
1.2555
1.2510
MARCH,
2022

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
115.75
R2 S2
115.90
R3 S3
116.22
R4
Commentary
S4
116.62
Buy Above 115.75
116.10
115.51
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.38
115.05
115.60
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually on Thursday and stabilizes above 115.50 mark. The pair
made intraday high at 115.66 and low at 115.44 mark. The triple EMA on a day chart and H1 chart
suggest up trend for the time being. A sustained close above 115.75 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 115.50 on H1 chart will check further key supports.
USD /JPY
115.40
115.12
114.90
114.65
MARCH,
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
1932
R2 S2
1937
R3 S3
1944
R4
Commentary
S4
1950
Buy Above 1932
1940
1926
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1920
1910
1926
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold erases previous gain and currently stabilizes below $1,930 mark. Today pair
made intraday high at $1,930 and low at $1,923 mark. A triple EMA on a day chart and H1 chart
suggest up trend for the time being. A sustained close above $1,932 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,918 will check further supports.
XAU [GOLD]
USD
/
1921
1914
1909
1901
MARCH,
2022

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