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DAILY ANALYSIS REPORT MAY 12 2021

DAILY ANALYSIS REPORT MAY 12 2021

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DAILY ANALYSIS REPORT MAY 12 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 12 May , 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com 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. 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 0.7855 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 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 1.2150 R2 S2 1.2178 R3 S3 1.2206 R4 Commentary S4 1.2248 +1 7754 366 970 analysis@tpglobalfx.com - 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. 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 1.4148 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 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 1.2131 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 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 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 +1 7754 366 970 analysis@tpglobalfx.com - 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. 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 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 +1 7754 366 970 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. 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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