The daily analysis report provides an overview of recent economic indicators and events from Asia and around the world. It also includes technical analysis and trade ideas for several currency pairs, including buys and sells, based on trends, moving averages, and Fibonacci levels seen in the H1 time frame. Key data reported includes Japan and Australia economic releases, US stock futures, Tesla delivery targets, COVID hospitalization rates, and inflation concerns from Fed officials. The report concludes with technical analyses of AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY and XAU/USD.

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20 April 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen remains extremely vola le a er BoJ’s comments on exchange rate, most Asian stock markets in green, gold stabilizes below $1,950 mark
Key Headlines:
• Japan Trade balance stands at -0.90T vs -1.07T previous release.
• Australia MI leading Index stands at 0.3 pct vs 0.4 pct previous release.
• U.S. stock index futures dipped on Tuesday as Treasury yields hit new highs on expecta ons of a gressive interest rate hikes, while investors awaited more earnings reports to assess
the impact of soaring inflaa on and the Uaine war – Reuters.
• Tesla investors on Wednesday will be keeping an eye on whether the electric car company maintains its ambi ous 2022 deli ery target as the biggest factory, Shanghai, grapples with
a COVID-19 shutdown and new plants slowly ramp up output – Reuters.
• Hospitaliza on ates for unvaccinated children ages 5 to 11 were twice as high as among those who were vaccinated during the record COVID-19 surge caused by the Omicron
variant, according to a U.S. study released on Tuesday – Reuters.
• The Biden administra on will no lon er enforce a U.S. mask mandate on public transportaa on, er a federal judge in Florida ruled that the dirdiree was unlawful, overturning a key
White House effort to reduce the spread of COVID-19 – Reuters.
• The BA.2 sub-variant of Omicron and its sublineage BA.2.12.1 is es m ted to make up more than 90% of the coronavirus variants in the United States as of April 16, the U.S. Centers
for Disease Control and Preven on (CDC) said on uesday – Reuters.
• Certain groups of people in Mexico may be able to receive a fourth COVID-19 vaccine shot, a senior government official said on Tuesday – Reuters.
• Japan Deputy Chief Cabinet Secretary - Closely watching FX moves with sense of urgency.
• BOJ - To conduct unlimited fixed-rate purchase operaa onsor JGBs..
• The yield on U.S. Treasuries designed to protect investors against price increases over the coming decade rose above zero for the firsst me in er two years. The rate on 10-year
Treasury inflaa on-otectcted securi eose over one basis point to 0.008% - BNN Bloomberg.
• Fed's Kashkari - If supply chains do not improve as i expect, the Fed's task will become more difficult, and it will be necessary to do more to reduce inflafla on.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German PPI, previous 1.4, expected 2.7.
• (0800 GMT/1330 IST) Italy Trade balance, previous -5.05B, expected -4.23B.
• (0900 GMT/1430 IST) Euro Industrial Produc on, pevious 0.0, expected 0.8.
• (0900 GMT/1430 IST) Euro Trade Balance, previous -7.7B, expected -6.5B.
• (1230 GMT/1800 IST) Canada CPI, previous 1.0, expected 0.9.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.8.
• (1400 GMT/1930 IST) U.S. Exis ng Home Sales, pevious 6.02M, expected 5.78M.
Economic Events Ahead:
• Day 03 – IMF Mee ngs.
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 100.76 points.

3. AUD /USD
BUY SELL
REPORT
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Below MA
H1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7422
R2 S2
0.7450
R3 S3
0.7476
R4
Commentary
S4
0.7499
Buy Above 0.7427
0.7457
0.7398
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7389
0.7355
0.7412
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie appreciates noticeably on Wednesday and jumps back above $0.7400 mark.
Today pair made intraday high at $0.7414 and low at $0.7370 mark. A day chart and H1 chart with
triple EMA suggest up trend for the time being. A sustained close above $0.7422 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $0.7391 will check further supports.
0.7391
0.7365
0.7337
0.7310
APRIL,
2022

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BUY SELL
Technical Summary H1
FIBO Levels PIVOT
R1 S1
1.0840
R2 S2
1.0876
R3 S3
1.0905
R4
Commentary
S4
1.0930
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-
Time Frame: H1
EUR/USD: The euro rises sharply on Wednesday ahead of Euro’s Industrial production and Trade
Balance data. The pair made intraday high at $1.0788 and low at $1.0783 mark. Today triple EMA on a
day chart is down and H1 chart suggests up trend for the time being. A consistent close above
$1.0840 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0786 on
H1 chart will check further supports.
EUR /USD
1.0786
1.0762
1.0737
1.0710
Buy Above 1.0838
1.0862
1.0810
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0790
1.0765
1.0815
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
APRIL,
2022

5. REPORT
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FX
BUY SELL
Technical Summary
H1
FIBO Levels PIVOT
R1 S1
1.3050
R2 S2
1.3072
R3 S3
1.3099
R4
Commentary
S4
1.3126
Buy Above 1.3052
1.3078
1.3030
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3010
1.2985
1.3030
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling starts a new day on a positive note and hovers around $1.3050 mark. Today
pair made intraday high at $1.3045 and low at $1.3011 mark. A day chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $1.3050 on H1 chart will
check key resistances. Alternatively, a consistent close below $1.2989 will check further supports.
USD
1.3011
1.2987
1.2962
1.2940
GBP /
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
APRIL,
2022

6. REPORT
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FX
BUY SELL
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2612
R2 S2
1.2640
R3 S3
1.2672
R4
Commentary
S4
1.2690
Buy Above 1.2610
1.2650
1.2586
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2567
1.2538
1.2599
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD appreciates sharply ahead of Canada’s CPI and Core CPI data and stabilizes
below 1.2600 mark. The pair made intraday high at 1.2624 and low at 1.2583 mark. Today a day chart
and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2612
on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2572 on H1 chart will
check key supports too.
USD /CAD
1.2572
1.2555
1.2530
1.2501
APRIL,
2022

7. REPORT
FROM:
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FX
BUY SELL
Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
129.56
R2 S2
129.78
R3 S3
130.04
R4
Commentary
S4
130.26
Buy Above 128.99
129.51
128.57
– Take Profit
– Stop Loss
Trade Idea
Sell Below 127.81
127.30
128.32
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese recovers sharply from previous losses and slips back below 128.50 mark.
The pair made intraday high at 129.40 and low at 128.24 mark. The triple EMA on a day chart and H1
chart suggest up trend for the time being. A sustained close above 129.32 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 127.81 on H1 chart will check further key supports.
USD /JPY
127.81
127.50
127.22
127.01
APRIL,
2022

8. REPORT
FROM:
TP
GLOB
AL
FX
BUY SELL
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1950
R2 S2
1957
R3 S3
1962
R4
Commentary
S4
1968
Buy Above 1950
1957
1944
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1938
1931
1944
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold fell extremely in previous session on rising U.S. Treasury Yield and currently
remains well supported below $1,950 mark. Today pair made intraday high at $1,951 and low at
$1,940 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above $1,950 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,938 on H1 chart will test further supports. U.S. Existing Home Sales data will remain in
focus.
XAU [GOLD]
USD
/
1938
1932
1926
1921
APRIL,
2022

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