DAILY ANALYSIS REPORT JUNE 02 2021

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02 June, 2021
Daily Analysis Report

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Asian Bulle n: Aussie weakens despite higher than expected GDP data, Asian stock markets mixed, gold stabilizes below $1,900 mark
Key Headlines:
• New Zealand overseas trade index stands at 0.1 pct vs 1.3 pct previous release.
• U.K. BRC shop price index stands at -0.6 pct vs -1.3 pct previous release.
• Japan monetary base stands at 22.4 pct vs 24.3 pct previous release.
• Australia GDP q/q stands at 1.8 pct vs 3.2 pct previous release.
• South Korea CPI y/y stands at 2.6 pct vs 2.3 pct previous release.
• BOJ's Board Member Adachi - BOJ must ease further without hesita on if external shock puts huge downward pressure on economy.
• BOJ's Board Member Adachi - BOJ needs to build an economic climate that makes for certain price increases.
• BOJ’s Board Member Adachi - BOJ wants to create economic environment where society allows for some degree of price hikes.
Economic Data Ahead:
• (0645 GMT/1215 IST) France budget balance, previous -60.1B.
• (0700 GMT/1230 IST) Spain unemployment change, previous -39.0K, expected -115.2K.
• (0830 GMT/1400 IST) U.K. Mortgage approvals, previous 83K, expected 80K.
• (0900 GMT/1430 IST) Euro PPI, previous 1.1, expected 0.9.
• (1230 GMT/1800 IST) Canada Building permits, previous 5.7 pct, expected -5.2 pct.
Economic Events Ahead:
• (0900 GMT/1430 IST) RBA Deputy Gov Debelle Speaks.
• (1800 GMT/2330 IST) U.S. Beige book.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.05% to 89.88 points.

3. AUD / USD
BUY SELL
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JUNE,
2
021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7772
R2 S2
0.7790
R3 S3
0.7826
R4
Commentary
S4
0.7854
Buy Above 0.7772
0.7795
0.7747
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7740
0.7712
0.7765
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie enjoys roller coaster movement after RBA’s Cash Rate Decision released
yesterday. The pair made intraday high at $0.7773 and low at $0.7745 mark. A day chart and H1
chart with triple EMA confirms bullish trend for the time being. A sustained close above $0.7770
on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check
further supports.
0.7740
0.7720
0.7677
0.7638

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2232
R2 S2
1.2258
R3 S3
1.2290
R4
Commentary
S4
1.2323
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-
Time Frame: H1
EUR/USD: The euro remains almost unchanged against U.S. dollar and stabilizes above $1.2200
mark. Today pair made intraday high at $1.2226 and low at $1.2211. Today triple EMA on a day
chart and H1 chart suggest bullish trend for the time being. A consistent close above $1.2232 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2212 on H1 chart
will check further supports.
EUR / USD
1.2205
1.2176
1.2132
1.2100
Buy Above 1.2238
1.2270
1.2210
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2205
1.2172
1.2233
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4190
R2 S2
1.4217
R3 S3
1.4250
R4
Commentary
S4
1.4282
Buy Above 1.4170
1.4198
1.4142
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4135
1.4105
1.4167
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling erases previous gain against U.S. dollar and slips back below $1.4200
mark. The pair made intraday high at $1.4164 and low at $1.4143 mark. A day chart is bullish but
H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.4178
on H1 chart will check key resistances. Alternatively, a consistent close below $1.4138 will check
further supports.
USD
1.4138
1.4115
1.4080
1.4047
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021

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
1.2076
R2 S2
1.2090
R3 S3
1.2126
R4
Commentary
S4
1.2154
Buy Above 1.2080
1.2106
1.2057
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2039
1.2017
1.2068
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar remained highly volatile in previous session after Canada’s GDP
and manufacturing data released with flat to positive numbers. Today pair made intraday high at
1.2076 and low at 1.2056 mark. Today a day is down but H1 chart with Triple EMA confirms bullish
trend for the time being. A sustained close above 1.2076 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2050 on H1 chart will check key supports too.
USD /CAD
1.2050
1.2022
1.2000
1.1973
JUNE,
2
021

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
109.76
R2 S2
110.22
R3 S3
110.52
R4
Commentary
S4
110.76
Buy Above 109.71
110.02
109.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.32
109.02
109.65
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Wednesday and stabilizes around
109.50 mark. The pair made intraday high at 109.65 and low at 109.38 mark. The triple EMA on a
day chart is up but H1 chart suggest slightly bearish trend for the time being. A sustained close
above 109.76 on H1 chart requires for the upside rally. Alternatively, a consistent close below
109.38 on H1 will check further key supports.
USD /JPY
109.38
108.82
108.60
108.36
JUNE,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1907
R2 S2
1912
R3 S3
1919
R4
Commentary
S4
1924
Buy Above 1904
1909
1898
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1891
1885
1899
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens on Wednesday as U.S. released ISM manufacturing PMI data
with strong numbers. Today U.S. calendar is almost empty except few speeches from FOMC
members are scheduled. Today pair made intraday high at $1,902 and low $1,895 mark. A day
chart is up but H1 chart with triple EMA confirm bearish trend for the time being. A sustained close
above $1,904 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,895 will check further supports.
XAU [GOLD]
USD
/
1891
1886
1880
1876
JUNE,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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