English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT JANUARY 12 2022
AUD / USD
| Commentary : The Aussie strengthens on Wednesday and hits fresh 7 – day high at $0.7217 mark. Today pair made intraday high at $0.7217 and low at $0.7204 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7223 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7223 | S1 | 0.7190 |
| R2 | 0.7250 | S2 | 0.7172 |
| R3 | 0.7272 | S3 | 0.7155 |
| R4 | 0.7299 | S4 | 0.7115 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7225 | Sell Below : 0.7199 | ||
| – Take Profit : 0.7250 | – Take Profit : 0.7178 | ||
| – Stop Loss : 0.7202 | – Stop Loss : 0.7218 | ||
EUR / USD
| Commentary : The Euro trades marginally higher on Wednesday and stabilizes above $1.1370 mark. The pair made intraday high at $1.1375 and low at $1.1361 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1387 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1360 on H1 chart will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1387 | S1 | 1.1360 |
| R2 | 1.1410 | S2 | 1.1315 |
| R3 | 1.1438 | S3 | 1.1290 |
| R4 | 1.1456 | S4 | 1.1265 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1386 | Sell Below : 1.1355 | ||
| – Take Profit : 1.1420 | – Take Profit : 1.1324 | ||
| – Stop Loss : 1.1361 | – Stop Loss : 1.1376 | ||
GBP / USD
| Commentary : The sterling trades in narrow range and hovers around $1.3650 mark. U.K.’s Economic Calendar is light for the day. Today pair made intraday high at $1.3645 and low at $1.3626 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.3650 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3615 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3650 | S1 | 1.3615 |
| R2 | 1.3672 | S2 | 1.3589 |
| R3 | 1.3699 | S3 | 1.3574 |
| R4 | 1.3715 | S4 | 1.3555 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3650 | Sell Below : 1.3615 | ||
| – Take Profit : 1.3676 | – Take Profit : 1.3581 | ||
| – Stop Loss : 1.3622 | – Stop Loss : 1.3638 | ||
USD / CAD
| Commentary : The CAD appreciates noticeably and hits highest level since Nov 17, 2021 mark. Pair made intraday high at 1.2579 to 1.2551 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2590 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2540 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2590 | S1 | 1.2540 |
| R2 | 1.2612 | S2 | 1.2512 |
| R3 | 1.2640 | S3 | 1.2480 |
| R4 | 1.2665 | S4 | 1.2465 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2570 | Sell Below : 1.2536 | ||
| – Take Profit : 1.2599 | – Take Profit : 1.2510 | ||
| – Stop Loss : 1.2552 | – Stop Loss : 1.2556 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged after bank lending and current account data and trading around 115.30 mark. The pair made intraday high at 115.39 and low at 115.23 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 115.40 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.22 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 115.47 | S1 | 115.22 |
| R2 | 115.75 | S2 | 114.90 |
| R3 | 116.00 | S3 | 114.62 |
| R4 | 116.30 | S4 | 114.30 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.40 | Sell Below : 115.02 | ||
| – Take Profit : 115.62 | – Take Profit : 114.76 | ||
| – Stop Loss : 115.20 | – Stop Loss : 115.20 | ||
GOLD
| Commentary : The Gold rose sharply in previous session after Fed Chair Powell’s comment during Testimony and touched $1,823 mark. Today pair made intraday high at $1,822 and low at $1,817 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,823 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,712 will check further supports. U.S. calendar is empty for the day. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1827 | S1 | 1811 |
| R2 | 1832 | S2 | 1806 |
| R3 | 1838 | S3 | 1800 |
| R4 | 1844 | S4 | 1794 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1823 | Sell Below : 1815 | ||
| – Take Profit : 1830 | – Take Profit : 1809 | ||
| – Stop Loss : 1818 | – Stop Loss : 1819 | ||
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note 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.