DAILY ANALYSIS REPORT MAY 10 2021

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10 May , 2021
Daily Analysis Report

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Asian Bulle n: Aussie rises sharply despite lower than expected retail sales data, Asian stock markets mixed, gold up
Key Headlines:
• Australia Retail Sales stands at 1.3 pct vs 1.4 pct previous release (expected 1.4).
• Australia NAB Business confidence stands at 26 vs 17 previous release.
• Australia NAB Business Survey stands at 32 vs 25 previous release.
• Australia Treasurer Josh Frydenberg - Australia’s borders will not open un l 2022.
• Australia Treasurer Josh Frydenberg - The Federal Government will focus on renewing skilled migra on, which it sees as essen al to Australia’s long-term
economic recovery.
• Oil and gasoline futures hit almost 2 – year high a er a cyber a ack put the na on’s largest oil-products pipeline out of ac on.
• Dutch Govt approves $2.4 billion in subsidies to huge Carbon Storage Project.
Economic Data Ahead:
• (0730 GMT/1300 IST) U.K. Halifax HPI m/m, previous 1.1, expected 0.3.
• (0830 GMT/1400 IST) Euro Sen x Investor Confidence, previous 13.1, expected 14.9.
Economic Events Ahead:
• (1800 GMT/2330 IST) U.S. FOMC member Evans Speaks.
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 90.28 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
0.7862
R2 S2
0.7900
R3 S3
0.7927
R4
Commentary
S4
0.7958
Buy Above 0.7862
0.7891
0.7830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7818
0.7790
0.7855
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower as Australia released retail sales data with
negative numbers. The pair made intraday high at $0.7862 and low at $0.7837 mark. A day chart
and H1 chart confirm Bullish Trend for the time being. A sustained close above $0.7862 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7818 will check further
supports.
0.7837
0.7818
0.7787
0.7764

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2176
R2 S2
1.2206
R3 S3
1.2248
R4
Commentary
S4
1.2282
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-
Time Frame: H1
EUR/USD: The euro depreciates slightly on Monday and hovers around $1.2150 mark. Today pair
made intraday high at $1.2176 and low at $1.2150. Today triple EMA on a day and H1 chart is
confirming Up Trend. A consistent close above $1.2170 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.2120 on H1 will check further supports.
EUR / USD
1.2150
1.2120
1.2098
1.2068
Buy Above 1.2176
1.2202
1.2138
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2115
1.2086
1.2150
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4061
R2 S2
1.4086
R3 S3
1.4117
R4
Commentary
S4
1.4154
Buy Above 1.4061
1.4094
1.4022
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4001
1.3960
1.4045
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound strengthens sharply ahead of HPI data and hits highest level since Feb 25,
2021. The pair made intraday high at $1.4049 and low at $1.3992 mark. Today a day chart and H1
chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4061
requires for the upside rally. Alternatively, a consistent close below $1.3985 will check further key
supports.
USD
1.3985
1.3940
1.3910
1.3882
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
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
1.2152
R2 S2
1.2193
R3 S3
1.2218
R4
Commentary
S4
1.2247
Buy Above 1.2152
1.2186
1.2109
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2105
1.2065
1.2130
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar rises sharply against U.S. dollar and touches 1.2110 mark in early
Asia. The pair hits lowest level since Sept 2017. Today pair made intraday high at 1.2130 and low
at 1.2110 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being.
A sustained close above 1.2152 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2100 on H1 chart will check key supports too.
USD /CAD
1.2104
1.2074
1.2038
1.2002
MAY,
2
021

7. 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
109.05
R2 S2
109.42
R3 S3
109.65
R4
Commentary
S4
109.82
Buy Above 109.05
109.32
108.75
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.52
108.27
108.86
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen erases previous gain against U.S. dollar and hovers around 109.00
mark. The pair made intraday high at 108.91 and low at 108.46 mark. The triple EMA on a day
chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above
109.05 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.52 on
H1 will check further key supports
USD /JPY
108.52
108.33
108.00
107.68
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
1844
R2 S2
1851
R3 S3
1857
R4
Commentary
S4
1864
Buy Above 1841
1848
1835
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1830
1822
1838
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold soars and remains well supported above $1,830 mark. The sudden
upside movement came on last Friday as U.S. released NFP job results with negative numbers.
Today pair made intraday high at $1,839 and low $1,830 mark. It is the highest level since Feb 11,
2021. A day chart as well as H1 chart is confirming bullish trend for the time being. A sustained
close above $1,838 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $1,828 will check further supports. The U.S. calendar is empty for the day and might bring
high volatility during the U.S. session.
XAU [GOLD]
USD
/
1828
1822
1817
1810
MAY,
2
021

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