DAILY ANALYSIS REPORT JANUARY 05 2022

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05 January 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen weakens sharply against U.S. dollar and jumps back above 116.00 mark, Asian stock markets in red, gold hovers around $1,815 mark
Key Headlines:
• Japan Monetary base stands at 8.3 pct vs 9.3 pct previous release.
• The Dow Jones Industrial Average scored a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq
fell – Reuters. U.S. ISM Manufacturing PMI stands at 58.7 vs 61.1 previous release.
• U.S. JOLTS Job openings stands at 10.56M vs 11.09M previous release.
• A weak yen may be hur ng Japanese households more than in the past, as the country's increasing reliance on more expensive raw material imports pushes
up the cost of living – BoJ Gov Kuroda.
• A record 4.5 million workers quit their jobs in November, while job openings declined to 10.6 million – CNBC.
• Turkish investors are s ll clinging to foreign currencies, undermining President Recep Tayyip Erdogan’s plan to support the lira without raising interest rates –
BNN Bloomberg.
• Russia's Novak - we believe there are uncertain es over omicron, but it does not affect oil demand.
• OPEC+ agrees to s ck to exis ng policy with 400,000 bpd output increase in Feb – Source.
• The United States set a global record of almost 1 million new coronavirus infec ons reported on Monday, according to a Reuters tally, nearly double the
country's peak of 505,109 hit just a week ago as the highly contagious Omicron variant shows no sign of slowing – Reuters.
• The Biden administra on is finalizing contracts for 500 million rapid COVID-19 tests that it plans to distribute for free to Americans who request them,
spokeswoman Jen Psaki said on Tuesday – Reuters.
• COVID-19 vaccina on during pregnancy was not associated with preterm delivery or underweight newborns, in a study published by the U.S. Centers for
Disease Control and Preven on (CDC) on Tuesday – Reuters.
• Spain's Health Ministry reported a record in the na onal 14-day COVID-19 infec on rate on Tuesday, as the figure climbed to 2,433.9 per 100,000 people, from
2,295.8 registered the previous day – Reuters.
• Brazil's Health Ministry said on Tuesday that most par cipants in a public hearing on vaccina ng children aged 5 to 11 for COVID-19 disagreed with the need
for a doctor's prescrip on, but it will s ll recommend it –Reuters.
• Italy reported a record 170,844 new COVID-19 cases on Tuesday, against 68,052 the day before, the health ministry said – Reuters.
• The Biden administra on doubled its order for Pfizer Inc's oral COVID-19 an viral treatment, the company and the White House said on Tuesday, providing the
government a total of 20 million courses as it fights a record surge in COVID-19 cases – Reuters.
• Coronavirus infec ons are surging across several Gulf Arab states, with the daily number of cases more than doubling in Saudi Arabia over two days to more
than 2,500 and crossing the 1,000-level in Qatar and Kuwait – Reuters.
Economic Data Ahead:
• (0815 GMT/1345 IST) Spain Services PMI, previous 59.8, expected 57.3.
• (0845 GMT/1415 IST) Italy Services PMI, previous 55.9, expected 53.9.
• (0850 GMT/1420 IST) France Services PMI, previous 57.1, expected 57.1.
• (0855 GMT/1425 IST) German Services PMI, previous 48.4, expected 48.4.
• (0900 GMT/1430 IST) Euro Services PMI, previous 53.3, expected 53.3.
• (1000 GMT/1530 IST) Italy Prelim CPI, previous 0.6, expected 0.3.
• (1315 GMT/1845 IST) U.S. ADP job data, previous 534K, expected 405K.
• (1330 GMT/1900 IST) Canada Building Permits, previous 1.3, expected 2.1.
• (1445 GMT/2015 IST) U.S. Final Services PMI, previous 57.5, expected 57.5.
Economic Events Ahead:
• (1900 GMT/0030 IST) U.S. FOMC Mee ng Minutes.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 96.22 points.

3. AUD / USD
BUY SELL
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JANUARY,
2022
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
0.7250
R2 S2
0.7272
R3 S3
0.7299
R4
Commentary
S4
0.7324
Buy Above 0.7250
0.7278
0.7230
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7215
0.7192
0.7240
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades in narrow range and stabilizes above $0.7220 mark. Today pair made
intraday high at $0.7244 and low at $0.7226 mark. A day chart and H1 chart with triple EMA suggest
up trend for the time being.Asustained close above $0.7250 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.7215 will check further supports.
0.7215
0.7190
0.7165
0.7130

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1315
R2 S2
1.1340
R3 S3
1.1372
R4
Commentary
S4
1.1400
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-
Time Frame: H1
EUR/USD: The Euro trades in narrow range ahead of Services PMI results and slips below $1.1300
mark. The pair made intraday high at $1.1295 and low at $1.1277 mark. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1315 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1272 on H1 chart will
check further supports.
EUR / USD
1.1272
1.1255
1.1237
1.1210
Buy Above 1.1305
1.1328
1.1282
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1275
1.1250
1.1298
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JANUARY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3552
R2 S2
1.3576
R3 S3
1.3594
R4
Commentary
S4
1.3618
Buy Above 1.3542
1.3589
1.3515
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3510
1.3480
1.3537
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note and hovers around $1.3530 mark. Today
pair made intraday high at $1.3540 and low at $1.3521 mark.Aday chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above $1.3552 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3512 will check further supports.
USD
1.3512
1.3490
1.3465
1.3437
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JANUARY,
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
1.2728
R2 S2
1.2755
R3 S3
1.2772
R4
Commentary
S4
1.2799
Buy Above 1.2730
1.2757
1.2709
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2687
1.2650
1.2710
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD remained highly volatile in previous session and currently hovers around 1.2700
mark. Pair made intraday high at 1.2718 to 1.2692 mark. Today a day chart is up and H1 chart with
triple EMA suggests down trend for the time being. A sustained close above 1.2728 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2675 on H1 chart will check key
supports too.
USD /CAD
1.2675
1.2650
1.2622
1.2600
JANUARY,
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
116.22
R2 S2
116.48
R3 S3
116.67
R4
Commentary
S4
116.94
Buy Above 116.20
116.45
115.91
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.78
115.37
116.06
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen reverses previous loss against U.S. dollar and hovers around 116.00
mark. The pair made intraday high at 116.24 and low at 115.90 mark. The triple EMA on a day chart
and H1 chart suggest bullish trend for the time being. A sustained close above 116.22 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 115.74 on H1 chart will check
further key supports.
USD /JPY
115.74
115.55
115.30
115.02
JANUARY,
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
1820
R2 S2
1826
R3 S3
1832
R4
Commentary
S4
1837
Buy Above 1818
1824
1813
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1811
1805
1816
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): The gold recovers noticeably from previous losses and remains well supported above $1,800 mark
ahead of U.S. ADP Job data and FOMC Meeting Minutes. Today pair made intraday high at $1,816 and low at $1,812
mark.Atriple EMAon a day chart and H1 chart suggest up trend for the time being.Asustained close above $1,818 on H1
chart requires for the upside rally.Alternatively, a consistent close below $1,808 will check further supports.
XAU [GOLD]
USD
/
1809
1804
1799
1794
JANUARY,
2022

9. Thank
you!
Info@tpglobalfx.com
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