English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT JANUARY 17 2022
AUD / USD
| Commentary : The Aussie depreciated sharply in previous session and today also starts a new week on a lower note. Today pair made intraday high at $0.7223 and low at $0.7195 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7222 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 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 | 0.7222 | S1 | 0.7190 |
| R2 | 0.7250 | S2 | 0.7172 |
| R3 | 0.7276 | S3 | 0.7140 |
| R4 | 0.7299 | S4 | 0.7110 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7222 | Sell Below : 0.7191 | ||
| – Take Profit : 0.7250 | – Take Profit : 0.7170 | ||
| – Stop Loss : 0.7195 | – Stop Loss : 0.7212 | ||
EUR / USD
| Commentary : The Euro trades flat on Monday ahead of Eurogroup Meeting and remains well supported above $1.1400 mark. The pair made intraday high at $1.1417 and low at $1.1400 mark. Today triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A consistent close above $1.1432 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1400 on H1 chart 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 | 1.1432 | S1 | 1.1400 |
| R2 | 1.1465 | S2 | 1.1382 |
| R3 | 1.1476 | S3 | 1.1365 |
| R4 | 1.1504 | S4 | 1.1336 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1430 | Sell Below : 1.1397 | ||
| – Take Profit : 1.1455 | – Take Profit : 1.1370 | ||
| – Stop Loss : 1.1401 | – Stop Loss : 1.1415 | ||
GBP / USD
| Commentary : The sterling trades flat on Monday and hovers around $1.3670 mark. Today pair made intraday high at $1.3678 and low at $1.3661 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3690 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3655 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 | 1.3690 | S1 | 1.3655 |
| R2 | 1.3712 | S2 | 1.3620 |
| R3 | 1.3730 | S3 | 1.3600 |
| R4 | 1.3762 | S4 | 1.3580 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3690 | Sell Below : 1.3655 | ||
| – Take Profit : 1.3720 | – Take Profit : 1.3621 | ||
| – Stop Loss : 1.3668 | – Stop Loss : 1.3682 | ||
USD / CAD
| Commentary : The CAD remains slightly volatile during Asian hours and remains well supported below 1.2550 mark. Pair made intraday high at 1.2556 and low at 1.2530 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2565 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2511 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 | 1.2565 | S1 | 1.2511 |
| R2 | 1.2590 | S2 | 1.2490 |
| R3 | 1.2626 | S3 | 1.2472 |
| R4 | 1.2650 | S4 | 1.2455 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2555 | Sell Below : 1.2520 | ||
| – Take Profit : 1.2590 | – Take Profit : 1.2494 | ||
| – Stop Loss : 1.2525 | – Stop Loss : 1.2537 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower despite robust Core Machinery Orders data and stabilizes above 114.00 mark. The pair made intraday high at 114.51 and low at 114.11 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 114.54 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.10 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 114.54 | S1 | 114.10 |
| R2 | 114.72 | S2 | 113.70 |
| R3 | 114.98 | S3 | 113.37 |
| R4 | 115.15 | S4 | 113.12 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.55 | Sell Below : 114.09 | ||
| – Take Profit : 114.80 | – Take Profit : 113.80 | ||
| – Stop Loss : 114.22 | – Stop Loss : 114.37 | ||
GOLD
| Commentary : | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1822 | S1 | 1812 |
| R2 | 1827 | S2 | 1806 |
| R3 | 1832 | S3 | 1799 |
| R4 | 1838 | S4 | 1794 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1822 | Sell Below : 1812 | ||
| – Take Profit : 1827 | – Take Profit : 1806 | ||
| – Stop Loss : 1817 | – Stop Loss : 1818 | ||
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.