DAILY ANALYSIS REPORT MARCH 24 2022

+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
24 March 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: Aussie weakens no ceably in early Asia a er Flash PMI data, Asian stock markets mixed, gold hovers around $1,940 mark
Key Headlines:
• Australia Flash Manufacturing PMI stands at 57.3 vs 57.0 previous release.
• Australia Flash Services PMI stands at 57.9 vs 57.4 previous release.
• Japan Flash Manufacturing PMI stands at 53.2 vs 52.7 previous release.
• All three major U.S. stock indexes ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels to plan more measures to
pressure Russia to halt its conflict in Ukraine – Reuters.
• Federal Reserve policymakers on Wednesday signaled they stand ready to take more aggressive ac on to bring down unacceptably high infla on, including a possible half-
percentage-point interest rate hike at the next policy mee ng in May – Reuters.
• The United States will "absolutely" enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could "essen ally
shut them down," Commerce Secretary Gina Raimondo said on Wednesday – Reuters.
• U.S. President Joe Biden flew to yesterday today for an emergency NATO summit on Ukraine, where invading Russian troops are stalled, ci es are under bombardment and the
besieged port of Mariupol is in flames – Reuters.
• Russian President Vladimir Pu n plans to a end the next G20 summit in Indonesia later this year and received valuable backing from Beijing in a pushback to sugges ons by some
members that Russia could be barred from the group – Reuters.
• Senate Democrats are defending Ketanji Brown Jackson, Biden's nominee to become the first Black woman on the U.S. Supreme Court – Reuters.
• South Korea's total coronavirus infec ons topped 10 million, or nearly 20% of its popula on, as surging severe cases and deaths increasingly put a strain on crematoriums and
funeral homes na onwide – Reuters.
• World stocks climbed to five-week highs as investors ignored a broadening selloff in global bond markets fueled by a combina on of soaring infla on and hawkish comments from
U.S. policymakers – Reuters.
• Bri sh infla on shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under
pressure to ease in a budget update – Reuters.
Economic Data Ahead:
• (0815 GMT/1345 IST) France Flash Services PMI, previous 55.5, expected 55.0.
• (0815 GMT/1345 IST) France Flash Manufacturing PMI, previous 57.2, expected 55.1.
• (0830 GMT/1400 IST) Swiss Interest Rate decision, previous -0.75, expected -0.75.
• (0830 GMT/1400 IST) German Flash Services PMI, previous 55.8, expected 53.6.
• (0830 GMT/1400 IST) German Flash Manufacturing PMI, previous 58.4, expected 55.9.
• (0900 GMT/1430 IST) Euro Flash Services PMI, previous 55.5, expected 54.3.
• (0900 GMT/1430 IST) Euro Flash Manufacturing PMI, previous 58.2, expected 56.0.
• (0930 GMT/1500 IST) U.K. Flash Manufacturing PMI, previous 58.0, expected 57.0.
• (0930 GMT/1500 IST) U.K. Flash Services PMI, previous 60.5, expected 58.0.
• (1230 GMT/1800 IST) U.S. Durable Goods Orders, previous 1.6, expected -0.5.
• (1230 GMT/1800 IST) U.S. Core Durable Goods Orders, previous 0.7, expected 0.5.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 214K, expected 210K.
• (1230 GMT/1800 IST) U.S. Current Account, previous -215B, expected -218B.
• (1345 GMT/1915 IST) U.S. Flash Manufacturing PMI, previous 57.3, expected 56.6.
• (1345 GMT/1915 IST) U.S. Flash Services PMI, previous 56.5, expected 56.0.
Economic Events Ahead:
• (0930 GMT/1500 IST) SNB Swiss Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.16% to 98.78 points.

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
0.7512
R2 S2
0.7530
R3 S3
0.7555
R4
Commentary
S4
0.7592
Buy Above 0.7506
0.7537
0.7470
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7462
0.7430
0.7496
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Thursday after Flash PMI data and remains well
supported below $0.7500 mark. Today pair made intraday high at $0.7501 and low at $0.7482 mark.A
day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above
$0.7505 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7468 will
check further supports.
0.7450
0.7421
0.7400
0.7376
MARCH,
2022

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
1.1016
R2 S2
1.1030
R3 S3
1.1056
R4
Commentary
S4
1.1082
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The euro weakens sharply against U.S. dollar and slips back below $1.1000 mark. The
pair made intraday high at $1.1013 and low at $1.0980 mark. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1016 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.0962 on H1 chart will check further
supports.
EUR / USD
1.0962
1.0940
1.0915
1.0900
Buy Above 1.1016
1.1048
1.0981
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0965
1.0932
1.0996
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2022

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
1.3222
R2 S2
1.3250
R3 S3
1.3276
R4
Commentary
S4
1.3299
Buy Above 1.3222
1.3250
1.3195
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3171
1.3140
1.3199
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
GBP/USD: The sterling reverses previous gain against U.S. dollar immediately after U.K.’s robust
CPI data and currently trading around $1.3200 mark. Today pair made intraday high at $1.3212 and
low at $1.3183 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time
being. A sustained close above $1.3222 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.3170 will check further supports. U.K.’s Flash PMI data will remain in
focus.
USD
1.3170
1.3155
1.3115
1.3100
GBP/
Trends Down Trend
MARCH,
2022

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
H 1
FIBO Levels PIVOT
R1 S1
1.2590
R2 S2
1.2615
R3 S3
1.2640
R4
Commentary
S4
1.2678
Buy Above 1.2591
1.2620
1.2564
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2550
1.2522
1.2576
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The CAD rises gradually against U.S. dollar and hovers around 1.2570 mark. Pair made
intraday high at 1.2579 and low at 1.2555 mark. Today a day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above 1.2590 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2555 on H1 chart will check key supports too.
USD /CAD
1.2555
1.2530
1.2512
1.2490
MARCH,
2022

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
H 1
FIBO Levels PIVOT
R1 S1
121.40
R2 S2
121.78
R3 S3
122.00
R4
Commentary
S4
122.18
Buy Above 121.42
121.72
121.12
– Take Profit
– Stop Loss
Trade Idea
Sell Below 120.85
120.51
121.20
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually against U.S. dollar and remains well supported above
121.00 mark. The pair made intraday high at 121.30 and low at 120.95 mark. The triple EMAon a day
chart and H1 chart suggest up trend for the time being. A sustained 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

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
H 1
FIBO Levels PIVOT
R1 S1
1948
R2 S2
1955
R3 S3
1962
R4
Commentary
S4
1968
Buy Above 1944
1950
1938
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1934
1926
1940
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement but remains well supported below $1,950
mark. Today pair made intraday high at $1,948 and low at $1,937 mark. A triple EMA on a day chart
and H1 chart suggest bullish trend for the time being. A sustained close above $1,948 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,932 will check further supports.
XAU [GOLD]
USD
/
1932
1926
1921
1915
MARCH,
2022

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

DAILY ANALYSIS REPORT MARCH 24 2022

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to DAILY ANALYSIS REPORT MARCH 24 2022

Similar to DAILY ANALYSIS REPORT MARCH 24 2022 (20)

More from TPGlobalFX

More from TPGlobalFX (20)

Recently uploaded

Recently uploaded (20)

DAILY ANALYSIS REPORT MARCH 24 2022