+ The US dollar moves in a narrow range against major peers while Asian stock markets trade in the red. + Japan reports average cash earnings of 0.9% versus -0.4% previously and bank lending of 0.4% versus 0.5% previously. + Australia's NAB business confidence stands at 13 versus the previous 4. + Technical analysis of major FX pairs like AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD provide trade ideas and key support and resistance levels on the H1 timeframe.

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08 March 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar moves in narrow range against major peers, Asian stock markets in red, gold stabilizes below $2,000 mark
Key Headlines:
• Japan average Cash Earnings stands at 0.9 pct vs -0.4 pct previous release. • Japan Bank lending stands at 0.4 pct vs 0.5 pct previous release.
• Japan Current Account stands at 0.19T vs 0.81T previous release. • Australia NAB Business Confidence stands at 13 vs 4 previous release.
• Ukraine will receive over $700 million from the World Bank to help fund the country’s essen al services as it ba les invading Russian forces - Timesofindia.
• Ukraine says aircra bombed ci es overnight - Timesofindia.
• The development comes following the third round of talks between Russia and Ukraine in Belarus on Monday, which apparently ended up in failure. In the mee ng, both sides
addressed the issues of civilian evacua on and the Ukrainian side assured Russia that the humanitarian corridor will start working from Tuesday - Timesofindia.
• Russia declares ceasefire for humanitarian corridors in Kyiv, Chernihiv, Sumy, Kharkiv, Mariupol – Timesofindia.
• Zelenskyy says Russian forces scuppering civilian evacua ons - Timesofindia.
• Australia's Viva Energy to cease purchase of crude oil from Russia - Timesofindia.
• Any sanc ons on India under CAATSA for buying S-400 missile from Russia would be “extraordinarily foolhardy”: Ted Cruz - Timesofindia.
• Russia recrui ng Syrians to fight in Ukraine: Pentagon – Timesofindia.
• Top officials in the US Congress have reached agreement on legisla on that would ban Russian oil imports to the US and end reliance on Russia's oil – Timesofindia.
• Ukraine wants direct talks between Zelenskiy and Russia's Pu n, says foreign minister - ToI.
• Wall Street's main indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude
prices soaring and fueled concerns about rising infla on – Reuters.
• Norway's $1.3 trillion wealth fund on Monday put India's Adani Ports under observa on, for possible exclusion from its investments, for the company's involvement in building a
port terminal in military-ruled Myanmar, it said in a statement – Reuters.
• Argen ne bonds fell on Monday as a new $45 billion deal with the Interna onal Monetary Fund (IMF) started to move through Congress, with the crisis in Ukraine hi ng investor
sen ment as well as doubts about the country's economic outlook – Reuters.
• The United States on Monday warned financial ins tu ons to watch out for poten al Russian sanc ons evasion a empts following ra s of sanc ons imposed by Washington on
Russia over its invasion of Ukraine – Reuters.
• Global financial condi ons, perceived as strongly correlated with future growth, are at the ghtest in two years, driven by soaring energy prices, sliding stocks and the market fallout
from the Ukraine-Russia conflict – Inves ng.
• Soaring grain prices in the wake of Russia's a ack on Ukraine are hur ng Brazilian meatpackers, but trade disrup ons facing Ukrainian and Russian meat producers may be an
opportunity to boost Brazil's share in global trade, industry sources said – Reuters.
• The outlook for Peru's economy is "very uncertain and downside risks prevail" despite a strong rebound in gross domes c product growth (GDP) last year, the Interna onal
Monetary Fund (IMF) said in a report published on Monday – Inves ng.
• The Centers for Disease Control and Preven on (CDC) on Monday urged Americans to avoid travel to Hong Kong, New Zealand and Thailand over COVID-19 cases – Reuters.
• Moderna Inc said on Monday it would set up a manufacturing facility in Kenya, its first in Africa, to produce messenger RNA (mRNA) vaccines, including COVID-19 shots – Reuters.
• Canada Prime Minister Jus n Trudeau in London - We will con nue to defend democracy and con nue to make sure that Pu n is held accountable. Today Canada is announcing new
sanc ons on 10 individuals complicit in this unjus fied invasion – Timesofindia.
• Russia-Ukraine talks kick off in Belarus for the third me: Ministry of foreign affairs of Belarus – Timesofindia.
• Russian troops making every effort to evacuate Indian ci zens from Sumy, says Pu n tells India PM Modi – Timesofindia.
• Russia backs UN atomic watchdog chief Rafael Grossi's idea of a trilateral mee ng with Ukraine to ensure the safety of its nuclear facili es a er Thursday's scare, but not at
Chernobyl as Grossi wants, Moscow and the watchdog said – Timesofindia.
• Ukrainian forces have retaken Mykolaiv airport, reports The Kyiv Independent quo ng regional governor Vitaliy Kim – Timesofindia.
• UN human rights office says it has been able to confirm the deaths of 406 civilians in Ukraine since the beginning of the Russian invasion – Timesofindia.
• Russia's chief nego ator accuses Ukraine of blocking humanitarian corridors for civilians, calls it a 'war crime' – Timesofindia.
• Russian banks consider China UnionPay cards a er sanc ons – Timesofindia.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Industrial Produc on, previous -0.3, expected 0.5.
• (0900 GMT/1430 IST) Italy Retail Sales, previous 0.9, expected 1.1.
• (1000 GMT/1530 IST) Euro Final Employment Change, previous 0.5, expected 0.5.
• (1000 GMT/1530 IST) Euro Revised GDP, previous 0.3, expected 0.3.
• (1100 GMT/1630 IST) U.S. NFIB Small Business Index, previous 97.1, expected 97.5.
• (1330 GMT/1900 IST) Canada Trade Balance, previous -0.1B, expected 1.2B.
• (1330 GMT/1900 IST) U.S. Trade Balance, previous -80.7B, expected -87.5B.
• (1500 GMT/2030 IST) U.S Final Wholesale Inventories, previous 0.8, expected 0.8.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.20% to 99.10 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
0.7350
R2 S2
0.7372
R3 S3
0.7399
R4
Commentary
S4
0.7426
Buy Above 0.7351
0.7378
0.7321
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7301
0.7270
0.7328
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie weakens drastically in previous session and stabilizes below $0.7350 mark.
Today pair made intraday high at $0.7441 and low at $0.7354 mark.Aday chart is up and H1 chart with
triple EMA suggests bearish trend for the time being. A sustained close above $0.7350 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7310 will check further
supports.
0.7310
0.7280
0.7250
0.7215
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0890
R2 S2
1.0926
R3 S3
1.0955
R4
Commentary
S4
1.0978
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-
Time Frame: H1
EUR/USD: The euro weakens sharply and touched $1.0805 mark in previous session. The pair made
intraday high at $1.0884 and low at $1.0848 mark. Today triple EMA on a day chart and H1 chart
suggest down trend for the time being. A consistent close above $1.0890 on H1 chart requires for the
upside rally.Alternatively, a sustained close below $1.0832 on H1 chart will check further supports.
EUR / USD
1.0832
1.0785
1.0762
1.0737
Buy Above 1.0891
1.0930
1.0857
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0840
1.0808
1.0868
– 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
1.3155
R2 S2
1.3172
R3 S3
1.3199
R4
Commentary
S4
1.3222
Buy Above 1.3155
1.3192
1.3110
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.3094
1.3051
1.3131
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling spiked down drastically in previous session and touched $1.3101 mark.
Today pair made intraday high at $1.3130 and low at $1.3101 mark. A day chart and H1 chart with
triple EMAsuggests down trend for the time being.Asustained close above $1.3155 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3100 will check further supports.
USD
1.3100
1.3084
1.3062
1.3038
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
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
1.2820
R2 S2
1.2852
R3 S3
1.2872
R4
Commentary
S4
1.2899
Buy Above 1.2821
1.2861
1.2796
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2789
1.2760
1.2815
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD depreciated extremely and jumps back above 1.2800 mark. Pair made intraday
high at 1.2820 and low at 1.2796 mark. Today a day chart and H1 chart with triple EMAsuggest bullish
trend for the time being. A sustained close above 1.2820 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2790 on H1 chart will check key supports too.
USD /CAD
1.2790
1.2765
1.2740
1.2715
MARCH,
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
115.50
R2 S2
115.75
R3 S3
115.90
R4
Commentary
S4
116.22
Buy Above 115.52
115.76
115.26
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.20
114.89
115.45
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually against U.S. dollar as Japan’s Current account data
misses expectations and remains well supported above 115.00 mark. The pair made intraday high at
115.51 and low at 115.24 mark. The triple EMA on a day chart and H1 chart suggest up trend for the
time being. A sustained close above 115.50 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 115.20 on H1 chart will check further key supports.
USD /JPY
115.20
114.90
114.65
114.30
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
2008
R2 S2
2015
R3 S3
2022
R4
Commentary
S4
2030
Buy Above 1994
2002
1985
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1981
1972
1990
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new day on a lower note and hovers around $1,990 mark. Today pair
made intraday high at $2,000 and low at $1,981 mark. A triple EMA on a day chart and H1 chart
suggest bullish trend for the time being. A sustained close above $2,002 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,978 will check further supports. U.S. Economic
Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1978
1970
1962
1954
MARCH,
2022

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