The document is a daily analysis report from TP Global FX that provides: 1) An overview of movements in currencies like the British pound and Asian stock markets. 2) Summaries of key headlines related to COVID travel restrictions, UK bond issuance, US interest rates, Russian debt obligations, and more. 3) Technical analysis and trade ideas for several currency pairs, including buy/sell levels and trends on 1-hour charts. 4) Upcoming economic data releases from the UK and Eurozone and comments from central bank officials.

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23 March 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Sterling rises no ceably against U.S. dollar, hits fresh 3 – week high at $1.3298 mark; most Asian stock markets in green; gold stabilizes around $1,920 mark
Key Headlines:
• The U.S. Travel Associa on on Tuesday urged the White House to li COVID-19 travel restric ons and repeal a mandate requiring masks on airplanes and in other transit modes by
April 18, according to a le er seen by Reuters – Reuters.
• Bri sh government bond issuance will fall closer towards pre-pandemic norms in the coming financial year, when the market's biggest buyer over the last decade - the Bank of
England - will move to the sidelines, according to a Reuters poll of primary dealers – Reuters.
• Treasury yields marched higher on Tuesday, bringing U.S. stocks with them, as investors digested the increased likelihood of swi interest rate hikes following hawkish comments
from the U.S. Federal Reserve – Reuters.
• Debt obliga ons from Russian companies linked to sanc oned billionaires were keeping investors on tenterhooks on Tuesday, as coupon payments to foreign holders of the
securi es ran into hurdles due to Western sanc ons triggered by Moscow's invasion of Ukraine – Reuters.
• U.S. stocks ended higher on Tuesday, led by a 2% gain in the Nasdaq, as shares of technology and other big growth names rebounded from recent losses and Nike rose a er it
reported upbeat results – Reuters.
• The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of Bri sh-made steel annually into the United States duty-free,
sources familiar with the deal said – Reuters.
• Western countries are refusing to engage with Russia at the World Trade Organiza on (WTO) in Geneva in a coordinated move that has already led to nego a ons seizing up across a
number of sectors – Reuters.
• Novavax Inc said on Tuesday the Drugs Controller General of India has granted emergency use authoriza on for its COVID-19 vaccine for adolescents aged 12 to 17 years in the
country – Reuters.
• U.S. Senate Majority Leader Chuck Schumer said on Tuesday he intends to hold votes this spring on a bill that would cap the cost of insulin, a life-sustaining diabetes drug – Reuters.
• Mexico is s cking to its plan to package domes cally the Russian COVID-19 vaccine Sputnik V because health ma ers are separate from poli cal conflicts, President Andres Manuel
Lopez Obrador said on Tuesday – Reuters.
• South African President Cyril Ramaphosa said restric ve COVID-19 regula ons that have weighed on the na on's struggling economy for two years would be removed on
Wednesday, with the na onal state of disaster also to end soon – Reuters.
• France saw the biggest jump in new COVID-19 cases since February, health ministry data showed on Tuesday, with 180,777 new infec ons over 24 hours, and hospital numbers also
rose for the third consecu ve day – Reuters.
• Top U.S. infec ous disease official Dr. Anthony Fauci said on Tuesday he would not be surprised to see an increase in COVID-19 cases in the United States, but he does not expect a
major surge – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. CPI, previous 5.5, expected 6.0.
• (0700 GMT/1230 IST) U.K. Core CPI, previous 4.4, expected 5.0.
• (0700 GMT/1230 IST) U.K. PPI Input, previous 0.9, expected 1.2.
• (0700 GMT/1230 IST) U.K. PPI Output, previous 1.2, expected 0.9.
• (1400 GMT/1930 IST) U.S. New Home Sales, previous 801K, expected 809K.
• (1500 GMT/2030 IST) Euro Consumer Confidence, previous -9, expected -13.
Economic Events Ahead:
• (1200 GMT/1730 IST) U.K. BOE Gov Bailey Speaks.
• (1200 GMT/1730 IST) U.S. Fed Chair Powell Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 98.43 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
0.7476
R2 S2
0.7505
R3 S3
0.7530
R4
Commentary
S4
0.7555
Buy Above 0.7478
0.7512
0.7450
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7430
0.7401
0.7462
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie enjoys roller coaster movement and trading around $0.7450 mark. Today pair
made intraday high at $0.7470 and low at $0.7455 mark. A day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above $0.7476 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7430 will check further supports.
0.7430
0.7401
0.7378
0.7350
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1050
R2 S2
1.1076
R3 S3
1.1099
R4
Commentary
S4
1.1126
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-
Time Frame: H1
EUR/USD: The euro trades flat on Wednesday and remains well supported above $1.1000 mark. The
pair made intraday high at $1.1043 and low at $1.1020 mark. Today triple EMAon a day chart and H1
chart suggest down trend for the time being. A consistent close above $1.1050 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1001 on H1 chart will check further
supports.
EUR / USD
1.1001
1.0980
1.0958
1.0924
Buy Above 1.1050
1.1082
1.1020
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1012
1.0981
1.1041
– 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
1.3299
R2 S2
1.3326
R3 S3
1.3354
R4
Commentary
S4
1.3388
Buy Above 1.3300
1.3332
1.3271
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3258
1.3227
1.3287
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling strengthened sharply in previous session and touches $1.3298 mark in
opening hours. Today pair made intraday high at $1.3298 and low at $1.3249 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1.3299 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3240 will
check further supports. U.K.’s CPI data will remain in focus.
USD
1.3240
1.3204
1.3180
1.3165
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
1.2590
R2 S2
1.2615
R3 S3
1.2640
R4
Commentary
S4
1.2678
Buy Above 1.2591
1.2622
1.2566
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2565
1.2522
1.2590
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD trades marginally lower on Wednesday and remains well supported above
1.2565 mark. Pair made intraday high at 1.2586 and low at 1.2563 mark. Today a day chart and H1
chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2590 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2565 on H1 chart will check
key supports too.
USD /CAD
1.2565
1.2530
1.2512
1.2490
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
121.40
R2 S2
121.78
R3 S3
122.00
R4
Commentary
S4
122.18
Buy Above 121.23
121.56
120.99
– Take Profit
– Stop Loss
Trade Idea
Sell Below 120.71
120.20
121.01
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen spikes down sharply on Wednesday and touches 121.41 mark in
opening hours. The pair made intraday high at 121.41 and low at 120.75 mark. The triple EMA on a
day chart and H1 chart suggest bullish trend for the time being.Asustained close above 121.40 on H1
chart requires for the upside rally.Alternatively, a consistent close below 120.70 on H1 chart will check
further key supports.
USD /JPY
120.70
120.55
120.30
120.01
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
1924
R2 S2
1932
R3 S3
1938
R4
Commentary
S4
1942
Buy Above 1926
1932
1921
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1915
1908
1921
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): Gold moves directionless since last 7 days and moves in stiff boundaries from
$1,950 to $1,909 mark. Today pair made intraday high at $1,924 and low at $1,915 mark.Atriple EMA
on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above
$1,924 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,915 will
check further supports.Traders eye Fed Chair Powell’s speech for the further directions.
XAU [GOLD]
USD
/
1915
1909
1904
1898
MARCH,
2022

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