DAILY ANALYSIS REPORT JANUARY 20 2022

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20 January 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar depreciated sharply against major peers a er U.S. President Biden’s comment on Monetary Policy, most Asian stock markets in green, gold
hovers around $1,840 mark
Key Headlines:
• New Zealand FPI stands at 0.6 pct vs -0.6 pct previous release.
• Japan Trade Balance stands at -0.44T vs -0.47T previous release.
• U.K. RICS House Price balance stands at 69 pct vs 71 pct previous release.
• Australia Employment Change stands at 64.8K vs 366.1K previous release.
• Australia unemployment rate stands at 4.2 pct vs 4.6 pct previous release.
• U.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of
rising prices and the pace of recovery – Reuters.
• Britain's payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour
involving prepaid cards issued to vulnerable people on welfare benefits – Reuters.
• The Nasdaq's loss on Wednesday le it down nearly 11% from its November record high close, marking the fourth me in the nearly two years since the
coronavirus pandemic shook global markets that the tech-heavy index has found itself in a correc on – Reuters.
• U.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of
rising prices and the pace of recovery – Reuters.
• Kinder Morgan Inc reported a rise in quarterly adjusted profit on Wednesday as the U.S. pipeline operator transported higher volumes of gasoline and jet fuel
– Reuters.
• The U.S. Securi es and Exchange Commission (SEC) will vote next week to propose boos ng hedge fund disclosures in a bid to enhance industry oversight and
investor protec ons, the agency's chair said on Wednesday – Reuters.
• People who had previously been infected with COVID-19 were be er protected against the Delta variant than those who were vaccinated alone, sugges ng
that natural immunity was a more potent shield than vaccines against that variant, California and New York health officials reported on Wednesday – Reuters.
• France registered more than 436,000 new COVID-19 infec ons on Wednesday, a er repor ng a record 464,769 new cases on Tuesday, health ministry data
showed – Reuters.
• The Canadian province of Ontario is star ng to see "glimmers of hope" as the rate of new hospitalisa ons caused by the Omicron variant of the coronavirus
slows, but challenges remain, health minister Chris ne Ellio said on Wednesday – Reuters.
• Spain's COVID-19 infec on rate fell for the second day in a row on Wednesday a er 11 weeks of surges to record highs, raising hope among health authori es
that the frene c spread of the Omicron variant may be slowing – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German PPI, previous 0.8, expected 0.8.
• (1000 GMT/1530 IST) Euro Final CPI, previous 5.0, expected 5.0.
• (1000 GMT/1530 IST) Euro Final Core CPI, previous 2.6, expected 2.6.
• (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 15.4, expected 18.9.
• (1330 GMT/1900 IST) U.S. Unemployment Claims Weekly, Previous 230K, expected 227K.
• (1500 GMT/2030 IST) U.S. Exis ng Home Sales, previous 6.46M, expected 6.42M.
Economic Events Ahead:
• (1230 GMT/1800 IST) ECB Monetary Policy Mee ng Accounts.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 95.53 points.

3. AUD / USD
BUY SELL
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JANUARY,
2022
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
0.7276
R2 S2
0.7299
R3 S3
0.7318
R4
Commentary
S4
0.7350
Buy Above 0.7250
0.7280
0.7222
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7220
0.7189
0.7242
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie strengthens on Thursday on higher than expected Employment Change
results and touches $0.7256 mark in early Asia. Today pair made intraday high at $0.7256 and low at
$0.7206 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.A
sustained close above $0.7240 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7202 will check further supports.
0.7202
0.7172
0.7155
0.7130

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1378
R2 S2
1.1405
R3 S3
1.1426
R4
Commentary
S4
1.1454
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-
Time Frame: H1
EUR/USD: The Euro recovers from previous losses and remains well supported around $1.1350
mark ahead of ECB’s Monetary Policy MeetingAccounts. The pair made intraday high at $1.1365 and
low at $1.1340 mark. Today triple EMA on a day chart and H1 chart suggests down trend for the time
being. A consistent close above $1.1360 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.1330 on H1 chart will check further supports.
EUR / USD
1.1330
1.1312
1.1276
1.1255
Buy Above 1.1365
1.1388
1.1342
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1340
1.1318
1.1360
– 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
1.3650
R2 S2
1.3672
R3 S3
1.3699
R4
Commentary
S4
1.3724
Buy Above 1.3640
1.3662
1.3611
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3602
1.3577
1.3630
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling starts a new day on appositive note and jumps back above $1.3600 mark.
Today pair made intraday high at $1.3635 and low at $1.3601 mark. A day chart is up and H1 chart
with triple EMAsuggests down trend for the time being.Asustained close above $1.3643 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.3600 will check further
supports.
USD
1.3600
1.3577
1.3550
1.3518
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2530
R2 S2
1.2565
R3 S3
1.2590
R4
Commentary
S4
1.2626
Buy Above 1.2530
1.2555
1.2502
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2483
1.2450
1.2515
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD exhibits range bound movement and consolidates around 1.2500 mark. Pair
made intraday high at 1.2516 and low at 1.2492 mark. Today a day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above 1.2530 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2460 on H1 chart will check key supports too.
USD /CAD
1.2472
1.2455
1.2425
1.2397
JANUARY,
2022

7. 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
114.50
R2 S2
114.74
R3 S3
115.00
R4
Commentary
S4
115.38
Buy Above 114.50
114.76
114.21
– Take Profit
– Stop Loss
Trade Idea
Sell Below 114.10
113.78
114.37
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen rises in early Asian hours after robust trade balance data and hovers
around 114.30 mark. The pair made intraday high at 114.41 and low at 114.02 mark. The triple EMAon
a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above
114.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.12 on H1
chart will check further key supports.
USD /JPY
114.12
113.91
113.70
113.37
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
1849
R2 S2
1854
R3 S3
1860
R4
Commentary
S4
1864
Buy Above 1846
1852
1841
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1834
1827
1839
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): The gold spiked up drastically in previous session after Biden’s comment for
tightening Monetary Policy and touches $1,844 mark. Today pair made intraday high at $1,844 and
low at $1,838 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A
sustained close above $1,842 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,832 will check further supports.
XAU [GOLD]
USD
/
1837
1832
1827
1821
JANUARY,
2022

9. Thank
you!
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