Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

DAILY ANALYSIS REPORT MAY 13 2021

DAILY ANALYSIS REPORT MAY 13 2021

  • Be the first to comment

  • Be the first to like this

DAILY ANALYSIS REPORT MAY 13 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 13 May , 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar strengthens sharply against major peers on robust infla on results; Asian stocks market in red; gold hovers around $1,820 mark Key Headlines: • New Zealand FPI stands at 1.1 pct vs 1.0 pct previous release. • U.K. RICS House price balance stands at 75 pct vs 62 pct previous release. • Japan bank lending stands at 4.8 pct vs 6.2 pct previous release. • Japan Current account stands at 1.70T vs 1.84T previous release. • South Korea M2 money supply stands at 9.6 vs 8.9 pct previous release. Economic Data Ahead: • (1230 GMT/1800 IST) U.S. PPI, previous 1.0, expected 0.3. • (1230 GMT/1800 IST) U.S. Core PPI, previous 0.7, expected 0.4. Economic Events Ahead: • (1500 GMT/2030 IST) Bank of Canada Governor Macklem Speaks. • (1600 GMT/2130 IST) Bank of England 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 0.03% to 90.74 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 0.7751 R2 S2 0.7780 R3 S3 0.7822 R4 Commentary S4 0.7855 Buy Above 0.7755 0.7790 0.7722 – Take Profit – Stop Loss Trade Idea Sell Below 0.7703 0.7677 0.7740 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie spiked down sharply in previous session on the back of stronger U.S.’s Inflation results. The pair made intraday high at $0.7748 and low at $0.7716 mark. A day chart is bullish but H1 chart confirms bearish trend for the time being. A sustained close above $0.7751 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7717 will check further supports. 0.7717 0.7677 0.7640 0.7610
  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 1.2101 R2 S2 1.2150 R3 S3 1.2178 R4 Commentary S4 1.2206 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades marginally higher on Thursday and stabilizes below $1.21 mark. Today most of the European markets will remain closed, thus likely to have limited volatility in the Euro Parity. Today pair made intraday high at $1.2088 and low at $1.2067. Today triple EMA on a day chart is bullish while H1 chart is confirming down Trend. A consistent close above $1.2101 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2057 on H1 will check further supports. EUR / USD 1.2057 1.2018 1.1990 1.1962 Buy Above 1.2090 1.2121 1.2062 – Take Profit – Stop Loss Trade Idea Sell Below 1.2041 1.2015 1.2074 – 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. 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 1.4076 R2 S2 1.4096 R3 S3 1.4142 R4 Commentary S4 1.4170 Buy Above 1.4080 1.4106 1.4038 – Take Profit – Stop Loss Trade Idea Sell Below 1.4038 1.4000 1.4075 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound trades almost flat on Thursday and hovers around $1.4050 mark. The pair made intraday high at $1.4078 and low at $1.4050 mark. Today a day chart is up but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1.4096 requires for the upside rally. Alternatively, a consistent close below $1.4040 will check further key supports. USD 1.4040 1.4002 1.3985 1.3942 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below 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 Trend Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 109.82 R2 S2 110.22 R3 S3 110.58 R4 Commentary S4 110.87 Buy Above 109.82 110.10 109.60 – Take Profit – Stop Loss Trade Idea Sell Below 109.49 109.20 109.69 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen falls sharply on Thursday as Japan’s Current account data misses expectations. It is the lowest level since April 9, 2021. The pair made intraday high at 109.78 and low at 109.48 mark. The triple EMA on a day chart and H1 chart suggests up trend for the time being. A sustained close above 109.82 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.51 on H1 will check further key supports. USD /JPY 109.51 109.22 108.89 108.67 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 Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2146 R2 S2 1.2174 R3 S3 1.2193 R4 Commentary S4 1.2218 Buy Above 1.2150 1.2176 1.2120 – Take Profit – Stop Loss Trade Idea Sell Below 1.2099 1.2067 1.2132 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar erases previous gain against U.S. dollar and jumps back above 1.2100 mark. Today pair made intraday high at 1.2139 and low at 1.2103 mark. A day chart is bearish but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close above 1.2146 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2082 on H1 chart will check key supports too. Later today Bank of Canada governor is due to speak at 1500 GMT, it might bring volatility in to the CAD parity. USD /CAD 1.2100 1.2074 1.2038 1.2002 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 1822 R2 S2 1827 R3 S3 1832 R4 Commentary S4 1840 Buy Above 1822 1828 1817 – Take Profit – Stop Loss Trade Idea Sell Below 1815 1808 1822 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold spiked down sharply in previous session as U.S. released inflation data with positive numbers. Today pair made intraday high at $1,823 and low $1,813 mark. A day chart is up but H1 chart is confirming bearish trend for the time being. A sustained close above $1,822 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,815 will check further supports. XAU [GOLD] USD / 1812 1807 1799 1792 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

×