DAILY ANALYSIS REPORT MAY 12 2021

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12 May , 2021
Daily Analysis Report

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Asian Bulle n: Sterling appreciates immediately a er robust GDP, Industrial Produc on results; Asian stock markets dras cally down, European markets set to open
slightly up; gold back above $1,830 mark
Key Headlines:
• South Korea unemployment rate stands at 3.7 pct vs 3.9 pct previous release.
• Japan foreign reserve (USD) stands at 1,378.5B vs 1,368.5B previous release.
• Australia building approvals stand at 17.4 pct vs 21.6 previous release.
• U.K. prelim GDP q/q stands at -1.5 pct vs 1.3 pct previous release.
Economic Data Ahead:
• (0900 GMT/1430 IST) EU Industrial produc on, previous -1.0, expected 0.8.
• (1230 GMT/1800 IST) U.S. CPI, previous 0.6, expected 0.2.
• (1230 GMT/1800 IST) U.S. Core CPI, previous 0.3, expected 0.3.
• (1800 GMT/2330 IST) U.S. Federal Budget balance, previous -659.6B, expected -212.5B.
Economic Events Ahead:
• (0900 GMT/1430 IST) EU Economic Forecasts.
• (0900 GMT/1430 IST) U.K. BOE Governor Bailey Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.27% to 90.39 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
0.7855
R2 S2
0.7900
R3 S3
0.7927
R4
Commentary
S4
0.7958
Buy Above 0.7846
0.7875
0.7810
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7786
0.7755
0.7829
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens on Wednesday after building approvals results and slips back
below $0.78 mark. The pair made intraday high at $0.7845 and low at $0.7785 mark. A day chart
is bullish but H1 chart confirms down trend for the time being. A sustained close above $0.7855
on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7785 will check
further supports.
0.7785
0.7764
0.7740
0.7722

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2150
R2 S2
1.2178
R3 S3
1.2206
R4
Commentary
S4
1.2248
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-
Time Frame: H1
EUR/USD: The euro starts a new day on a lower note and remains well supported below $1.2150
mark. Today pair made intraday high at $1.2150 and low at $1.2115. Today triple EMA on a day
chart is bullish while H1 chart is confirming bearish Trend. A consistent close above $1.2150 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2110 on H1 will
check further supports.
EUR / USD
1.2102
1.2074
1.2040
1.2010
Buy Above 1.2150
1.2180
1.2115
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2110
1.2075
1.2140
– 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
1.4148
R2 S2
1.4176
R3 S3
1.4200
R4
Commentary
S4
1.4224
Buy Above 1.4150
1.4182
1.4111
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4101
1.4066
1.4141
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound appreciates slightly after various key economic indicators from the U.K.
and hovers around $1.4130 mark. The pair made intraday high at $1.4146 and low at $1.4107
mark. Today a day chart and H1 chart with triple EMA confirm bullish trend for the time being. A
sustained close above $1.4148 requires for the upside rally. Alternatively, a consistent close below
$1.4108 will check further key supports.
USD
1.4100
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
1.2131
R2 S2
1.2152
R3 S3
1.2193
R4
Commentary
S4
1.2218
Buy Above 1.2132
1.2154
1.2099
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2087
1.2054
1.2124
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades almost flat against U.S. dollar and remains well supported
above 1.2100 mark. Today pair made intraday high at 1.2132 and low at 1.2090 mark. A day chart
and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above
1.2131 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2082 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 108.95
109.18
108.70
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.60
108.38
108.90
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen exhibits range bound movement and consolidates around 108.70
mark. The pair made intraday high at 108.90 and low at 108.55 mark. The triple EMA on a day
chart is bullish while H1 chart is likely to give crossover for the uptrend confirmation. Here, have to
wait for few times to decide the further path of the parity. A sustained close above 108.97 on H1
chart requires for the upside rally. Alternatively, a consistent close below 108.49 on H1 will check
further key supports.
USD /JPY
108.49
108.33
108.00
107.68
MAY,
2
021

8. 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
1846
R2 S2
1851
R3 S3
1857
R4
Commentary
S4
1864
Buy Above 1838
1844
1828
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1825
1817
1832
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement ahead of U.S.’s inflation data and
stabilizes around $1,830 mark. Today pair made intraday high at $1,837 and low $1,826 mark. A
day chart is up but H1 chart is confirming slightly bearish trend for the time being. A sustained
close above $1,843 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $1,826 will check further supports.
XAU [GOLD]
USD
/
1826
1822
1817
1810
MAY,
2
021

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