The daily analysis report from TP Global FX provides summaries of Asian market news and technical analysis of major currency pairs. Key headlines include Shanghai implementing a lockdown to curb COVID cases and the Bank of Japan offering unlimited purchases of 10-year government bonds. Technical analysis indicates down trends for EUR/USD, GBP/USD, USD/CAD and gold, while AUD/USD and USD/JPY show up trends. Support and resistance levels are identified for potential buy and sell trade ideas on each currency pair.

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28 March 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen weakens sharply on news that BoJ will buy an unlimited amount of 10-year JGBs, Asian stock markets mixed, gold slips below $1,950 mark
Key Headlines:
• China's financial hub of 26 million people told all firms to suspend manufacturing or have people work remotely in a two-stage lockdown over nine days – Nippon news.
• Japan's current law does not allow the government to confiscate the reserves of foreign central banks held by the Bank of Japan (BOJ) - Finance Minister Shunichi Suzuki.
• BoJ offers to purchase an unlimited amount of 10-year JGBs at 0.25%.
• Biden - I was not advoca ng for a change of regime in Russia.
• Ukraine’s President Zelensky - We're ready to discuss neutrality and non-nuclear status if security guarantees are provided.
• Mexico Central Bank Governor - The Bank of Mexico does not need to strictly track the U.S. Federal Reserve's expected interest rates hike path and can ghten monetary policy at its
own pace as it seeks to curb infla on – Reuters.
• Senior ci zens who received a second booster of the Pfizer–BioNTech COVID-19 vaccina on had a 78% lower mortality rate from the disease than those who got one only, a study
from Israel showed on Sunday – Reuters.
• Hong Kong reported 8,037 new COVID-19 infec ons on Sunday and 151 deaths, the second day in a row below 10,000 cases, as the global financial hub gradually starts to open up,
with the government announcing an easing of restric ons from April – Reuters.
• China's financial hub of Shanghai said on Sunday it would lock down the city in two stages to carry out COVID-19 tes ng over a nine-day period, a er it reported a new daily record
for asymptoma c infec ons – Reuters.
Economic Data Ahead:
• (1230 GMT/1800 IST) U.S. Goods Trade Balance, previous -107.6B, expected -106.4B.
• (1230 GMT/1800 IST) U.S. Prelim Wholesale Inventories, previous 0.8, expected 1.3.
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 up 0.33% to 99.11 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
0.7530
R2 S2
0.7555
R3 S3
0.7578
R4
Commentary
S4
0.7592
Buy Above 0.7530
0.7557
0.7500
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7491
0.7465
0.7521
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie starts a new week on positive note and remains well supported above $0.7500
mark. Today pair made intraday high at $0.7524 and low at $0.7499 mark. A day chart and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above $0.7530 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7490 will check further
supports.Australia’s Economic Calendar will remain empty for the day.
0.7490
0.7472
0.7450
0.7415
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0990
R2 S2
1.1040
R3 S3
1.1072
R4
Commentary
S4
1.1099
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-
Time Frame: H1
EUR/USD: The euro falls sharply in opening hours and hovers around $1.0950 mark. The pair made
intraday high at $1.0986 and low at $1.0950 mark. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.0990 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.0938 on H1 chart will check further
supports. European Calendar will remain empty for the day.
EUR / USD
1.0938
1.0912
1.0900
1.0876
Buy Above 1.0990
1.1026
1.0965
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0937
1.0905
1.0962
– 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
1.3190
R2 S2
1.3222
R3 S3
1.3254
R4
Commentary
S4
1.3278
Buy Above 1.3176
1.3200
1.3150
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3135
1.3099
1.3167
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally lower on Monday and slips below $1.3145 mark in Asian
hours. Today pair made intraday high at $1.3184 and low at $1.3145 mark. A day chart and H1 chart
with triple EMA suggest bearish trend for the time being. A sustained close above $1.3172 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3130 will check further
supports.
USD
1.3130
1.3102
1.3082
1.3050
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 Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2522
R2 S2
1.2550
R3 S3
1.2572
R4
Commentary
S4
1.2599
Buy Above 1.2505
1.2540
1.2472
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2460
1.2430
1.2492
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD remains almost unchanged in opening hours and remains well supported below
1.2500 mark. The pair made intraday high at 1.2500 and low at 1.2476 mark. Today a day chart and
H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2522 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2465 on H1 chart will
check key supports too.
USD /CAD
1.2465
1.2430
1.2412
1.2400
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
123.15
R2 S2
123.33
R3 S3
123.78
R4
Commentary
S4
124.05
Buy Above 123.15
123.47
122.75
– Take Profit
– Stop Loss
Trade Idea
Sell Below 122.38
121.96
122.71
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen depreciates sharply in opening hours on the news that BoJ is going to
purchase an unlimited amount of 10-year JGBs at 0.25%. The pair made intraday high at 123.10 and
low at 122.00 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time
being. A sustained close above 123.15 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 122.00 on H1 chart will check further key supports.
USD /JPY
122.00
121.72
121.40
121.12
MARCH,
2022

8. 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
1958
R2 S2
1962
R3 S3
1968
R4
Commentary
S4
1974
Buy Above 1952
1958
1946
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1937
1930
1942
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold weakens on earlyAsian hours and slips back below $1,950 mark. Today pair
made intraday high at $1,958 and low at $1,942 mark. A triple EMA on a day chart is up and H1 chart
suggests bearish trend for the time being.Asustained close above $1,958 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1,937 will check further supports. U.S. trade
balance data will release at 1230 GMT.
XAU [GOLD]
USD
/
1937
1932
1926
1921
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
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