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DAILY ANALYSIS REPORT MAY 14 2021

DAILY ANALYSIS REPORT MAY 14 2021

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DAILY ANALYSIS REPORT MAY 14 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 14 May , 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar remains vola le against major peers ahead of U.S. Retail Sales data, Most Asian and European stock markets in green, gold back above $1,830 mark Key Headlines: • New Zealand Business Manufacturing Index stands at 58.4 vs 63.6 previous release. • Japan M2 Money Stock stands at 9.2 vs 9.4 previous release. • South Korea Export price index stands at 10.6 pct vs 5.9 pct previous release. • South Korea Import price index stands at 15.0 pct vs 9.0 pct previous release. Economic Data Ahead: • (1230 GMT/1800 IST) U.S. Retail Sales, previous 9.8, expected 1.0. • (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 8.4, expected 0.5. • (1230 GMT/1800 IST) Canada manufacturing sales, previous -1.6, expected 3.5. • (1230 GMT/1800 IST) Canada wholesale sales, previous -0.7, expected 1.0. • (1315 GMT/1845 IST) U.S. Industrial produc on, previous 1.4, expected 0.9. • (1315 GMT/1845 IST) U.S. Capacity u liza on rate, previous 74.4, expected 75.0. • (1400 GMT/1930 IST) U.S. Prelim UoM Consumer Sen ment, previous 88.3, expected 90.2. Economic Events Ahead: • No key Events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 90.72 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 0.7750 0.7776 0.7715 – Take Profit – Stop Loss Trade Idea Sell Below 0.7706 0.7676 0.7740 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie trades almost flat against U.S. dollar and hovers around $0.7722 mark. The pair made intraday high at $0.7733 and low at $0.7713 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 $0.7698 will check further supports. 0.7698 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 up on Friday ahead of ECB’s Monetary Policy Meeting Account results but stabilizes below $1.21 mark. Today pair made intraday high at $1.2088 and low at $1.2070. Today triple EMA on a day chart is bullish while H1 chart is confirming bearish Trend in short run. A consistent close above $1.2101 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2057 on H1 chart will check further supports. EUR / USD 1.2057 1.2018 1.1990 1.1962 Buy Above 1.2105 1.2140 1.2071 – Take Profit – Stop Loss Trade Idea Sell Below 1.2063 1.2039 1.2090 – 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 1.4062 R2 S2 1.4096 R3 S3 1.4142 R4 Commentary S4 1.4170 Buy Above 1.4067 1.4101 1.4037 – Take Profit – Stop Loss Trade Idea Sell Below 1.4031 1.4002 1.4062 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound moves in rigid boundaries on Friday and hovers around $1.4050 mark. The pair made intraday high at $1.4054 and low at $1.4036 mark. Today a day chart is up but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1.4062 requires for the upside rally. Alternatively, a consistent close below $1.4018 will check further key supports. USD 1.4018 1.4002 1.3985 1.3942 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 1.2189 R2 S2 1.2218 R3 S3 1.2250 R4 Commentary S4 1.2276 Buy Above 1.2189 1.2220 1.2168 – Take Profit – Stop Loss Trade Idea Sell Below 1.2154 1.2120 1.2180 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar fails to find support below 1.21 mark and currently trading around 1.2170 mark. Today pair made intraday high at 1.2179 and low at 1.2158 mark. A day chart is bearish but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close above 1.2189 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2148 on H1 chart will check key supports too. USD /CAD 1.2148 1.2100 1.2074 1.2038 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 109.72 R2 S2 110.00 R3 S3 110.22 R4 Commentary S4 110.58 Buy Above 109.72 109.96 109.48 – Take Profit – Stop Loss Trade Idea Sell Below 109.38 109.10 109.70 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen moves in stiff boundaries and remains well supported above 109.40 mark. The pair made intraday high at 109.65 and low at 109.40 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 109.72 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will check further key supports. USD /JPY 109.40 109.22 108.89 108.67 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 1840 R2 S2 1847 R3 S3 1852 R4 Commentary S4 1856 Buy Above 1838 1844 1830 – Take Profit – Stop Loss Trade Idea Sell Below 1822 1815 1830 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold starts a new Day on a positive note and jumps back above $1,830 mark. Today pair made intraday high at $1,832 and low $1,819 mark. A day chart and H1 chart is confirming bullish trend for the time being. A sustained close above $1,840 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,822 will check further supports. XAU [GOLD] USD / 1822 1815 1808 1798 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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