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DAILY ANALYSIS REPORT MAY 11 2021

DAILY ANALYSIS REPORT MAY 11 2021

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DAILY ANALYSIS REPORT MAY 11 2021

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 11 May , 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com 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. 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.2178 R2 S2 1.2206 R3 S3 1.2248 R4 Commentary S4 1.2282 +1 7754 366 970 analysis@tpglobalfx.com - 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. 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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. 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx 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. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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