DAILY ANALYSIS REPORT MAY 13 2021

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13 May , 2021
Daily Analysis Report

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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. 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
0.7751
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
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-
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. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2101
R2 S2
1.2150
R3 S3
1.2178
R4
Commentary
S4
1.2206
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-
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. BUY SELL
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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
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-
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. 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
109.82
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
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-
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. 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
1.2146
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
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-
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. 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
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
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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. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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