The daily analysis report from TP Global FX provides technical analysis and trade recommendations for several currency pairs in the H1 time frame. Key points covered in the report include: AUD/USD is in a downtrend on the H1 chart and a sell recommendation is given below 0.7702; EUR/USD is also in a downtrend on the H1 and a sell is recommended below 1.2001; GBP/USD is downtrending on the H1 and a sell is advised below 1.3787. Technical analyses and trade ideas are also given for USD/CAD, USD/JPY, and XAU/USD. Economic data releases and comments from central bank officials are also summarized.

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03 May , 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar remains vola le against major peers ahead of Fed Chair Powell’s Speech; Most Asian stock markets in red, European stocks to open up high;
gold back above $1,780 mark
Key Headlines:
• Australia AIG manufacturing Index stands at 61.7 vs 59.9 previous release.
• Australia MI infla on gauge remains unchanged at 0.4 pct.
• South Korea Manufacturing PMI stands at 54.6 vs 55.3 previous release.
• U.S. Treasury Secretary Janet Yellen - Federal Reserve will monitor infla on carefully and has the tools to address it if necessary.
• Finance ministers and Central bank Chiefs from Japan, China and South Korea say the regional outlook has improved.
• China's Central Bank is currently conduc ng trials for its digital currency, which it hopes to have available for widespread use by the 2022 Winter Olympics in
Beijing.
• The U.K. Central bank, led by Governor Andrew Bailey, looks set to raise its growth forecasts for the UK when it publishes its latest monetary policy report on
coming Thursday.
• New Zealand PM Jacinda Ardern - Differences with China are becoming harder to reconcile.
Economic Data Ahead:
• (0715 GMT/1245 IST) Spain manufacturing PMI, previous 56.9, expected 59.1.
• (0730 GMT/1300 IST) Swiss manufacturing PMI, previous 66.3, expected 66.4.
• (0745 GMT/1315 IST) Italy manufacturing PMI, previous 59.8, expected 60.9.
• (0750 GMT/1320 IST) France manufacturing PMI, previous 59.2, expected 59.2.
• (0755 GMT/1325 IST) German manufacturing PMI, previous 66.4, expected 66.4.
• (0800 GMT/1330 IST) Euro manufacturing PMI, previous 63.3, expected 63.3.
• (1330 GMT/1900 IST) Canada manufacturing PMI, previous 58.5.
• (1400 GMT/1930 IST) U.S. ISM Manufacturing PMI, previous 64.7, expected 65.0.
Economic Events Ahead:
• (1820 GMT/2350 IST) U.S. Fed Chair Powell Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 91.32 points.

3. AUD / USD
BUY SELL
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MAY,
2
021
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
0.7740
R2 S2
0.7770
R3 S3
0.7790
R4
Commentary
S4
0.7822
Buy Above 0.7740
0.7770
0.7710
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7702
0.7677
0.7735
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Monday as Australia released some economic
indicators with the flat numbers. The pair made intraday high at $0.7733 and low at $0.7712 mark.
A day chart confirms up trend in long run while on H1 chart triple EMA is showing bearish
movement in short run. A sustained close above $0.7740 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.7702 will check further supports.
0.7702
0.7677
0.7640
0.7618

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2040
R2 S2
1.2097
R3 S3
1.2122
R4
Commentary
S4
1.2148
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-
Time Frame: H1
EUR/USD: The euro depreciates against U.S. dollar and stabilizes above $1.20 mark. Today pair
made intraday high at $1.2035 and low at $1.2016. Today triple EMA on a day chart is up while H1
chart confirms bearish trend for the time being. A consistent close above $1.2040 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.2001 on H1 will check
further supports.
EUR / USD
1.2001
1.1976
1.1948
1.1920
Buy Above 1.2040
1.2072
1.2012
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2001
1.1976
1.2037
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3850
R2 S2
1.3876
R3 S3
1.3908
R4
Commentary
S4
1.3952
Buy Above 1.3840
1.3876
1.3800
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3787
1.3762
1.3822
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The pound remains volatile on Monday and hovers around $1.38 mark. The pair made
intraday high at $1.3835 and low at $1.3801 mark. Today a day chart is bullish while H1 chart with
triple EMA confirms bearish trend for the time being. A sustained close above $1.3850 requires for
the upside rally. Alternatively, a consistent close below $1.3790 will check further key supports.
USD
1.3790
1.3762
1.3738
1.3710
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2
021

6. 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
1.2315
R2 S2
1.2343
R3 S3
1.2371
R4
Commentary
S4
1.2392
Buy Above 1.2325
1.2350
1.2300
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2285
1.2255
1.2315
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar erases previous gain against U.S. dollar and jumps back above
1.23 mark. Today pair made intraday high at 1.2309 and low at 1.2269 mark. A day chart and H1
chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2315 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2270 on H1 chart
will check key supports too.
USD /CAD
1.2270
1.2255
1.2210
1.2178
MAY,
2
021

7. 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
109.61
R2 S2
109.90
R3 S3
110.20
R4
Commentary
S4
110.72
Buy Above 109.68
109.98
109.26
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.18
108.90
109.60
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls noticeably against U.S. dollar and hits lowest level since April
13, 2021. The pair made intraday high at 109.51 and low at 109.26 mark. The triple EMA on a day
chart and H1 chart suggest up trend for the time being. A sustained close above 109.61 on H1
chart requires for the upside rally. Alternatively, a consistent close below 109.26 on H1 will check
key supports.
USD /JPY
109.26
108.65
108.40
108.22
MAY,
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
1784
R2 S2
1789
R3 S3
1796
R4
Commentary
S4
1805
Buy Above 1784
1791
1776
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1768
1762
1780
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on a positive note and touches $1,780 mark in Asian
hours. Today pair made intraday high at $1,780 and low $1,766 mark. A day chart as well as H1
chart is confirming Up Trend for the time being. A sustained close above $1,789 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $1,764 will check further
supports. Later today, U.S. will release Personal Income and Spending data.
XAU [GOLD]
USD
/
1762
1756
1752
1747
MAY,
2
021

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