DAILY ANALYSIS REPORT MAY 11 2021

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11 May , 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen moves in rigid boundaries despite robust household spending data; Asian markets set to close lower while European stock markets running
in red; gold stabilizes above $1,830 mark
Key Headlines:
• U.K. BRC Retail Sales Monitor stands at 39.6 pct vs 20.3 pct previous release.
• Japan household spending stands at 6.2 pct vs -6.6 pct previous release.
• China CPI stands at 0.9 pct vs 0.4 pct previous release.
• China PPI stands at 6.8 pct vs 4.4 pct previous release.
• German WPI m/m stands at 1.1 pct vs 1.7 pct previous release.
Economic Data Ahead:
• (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous 66.3, expected 68.0.
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous 70.7, expected 72.0.
• (1400 GMT/1930 IST) U.S. JOLTS Job Openings, previous 7.37M, expected 7.50M.
Economic Events Ahead:
• (1430 GMT/2000 IST) U.K. BOE Gov Bailey 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 90.22 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 0.7854
0.7880
0.7821
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7810
0.7777
0.7850
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie appreciates on Tuesday and remains well supported above $0.78 mark.
The pair made intraday high at $0.7845 and low at $0.7821 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 $0.7798 will check further supports.
0.7798
0.7764
0.7740
0.7722

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2178
R2 S2
1.2206
R3 S3
1.2248
R4
Commentary
S4
1.2282
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries ahead of German ZEW Economic Sentiment Data
and stabilizes above $1.2100 mark. Today pair made intraday high at $1.2148 and low at
$1.2126. Today triple EMA on a day and H1 chart is confirming bullish Trend. A consistent close
above $1.2171 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.2120 on H1 will check further supports.
EUR / USD
1.2120
1.2097
1.2068
1.2040
Buy Above 1.2178
1.2210
1.2140
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2127
1.2092
1.2170
– 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
1.4151
R2 S2
1.4176
R3 S3
1.4200
R4
Commentary
S4
1.4224
Buy Above 1.4140
1.4172
1.4099
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4094
1.4057
1.4133
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound spiked up sharply in previous session and hits highest level since Feb 25,
2021. Today also pair remains well supported above $1.41 mark. The pair made intraday high at
$1.4134 and low at $1.4112 mark. Today a day chart and H1 chart with triple EMA confirm bullish
trend for the time being. A sustained close above $1.4151 requires for the upside rally.
Alternatively, a consistent close below $1.4110 will check further key supports.
USD
1.4110
1.4076
1.4040
1.4002
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
1.2127
R2 S2
1.2152
R3 S3
1.2193
R4
Commentary
S4
1.2218
Buy Above 1.2130
1.2155
1.2097
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2080
1.2038
1.2126
– 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
1.2074
1.2038
1.2002
1.1980
MAY,
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
109.05
R2 S2
109.42
R3 S3
109.65
R4
Commentary
S4
109.82
Buy Above 109.05
109.30
108.70
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.62
108.38
108.95
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese falls gradually against U.S. dollar despite robust household spending
data and stabilizes below 109.00 mark. The pair made intraday high at 108.98 and low at 108.73
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
1846
R2 S2
1851
R3 S3
1857
R4
Commentary
S4
1864
Buy Above 1838
1846
1830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1828
1820
1835
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained volatile in previous session and stabilizes above $1,830
mark. In the absence of U.S. key economic indicators, gold is moving in stiff boundaries. Today
pair made intraday high at $1,838 and low $1,831 mark. A day chart as well as H1 chart is
confirming bullish trend for the time being. A sustained close above $1,843 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,828 will check further supports.
XAU [GOLD]
USD
/
1828
1822
1817
1810
MAY,
2
021

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