DAILY ANALYSIS REPORT MAY 02 2022

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
02 May 2022
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls on Monday as Final Manufacturing PMI data remains almost unchanged, Asian stock markets mixed, gold hovers around $1,885 mark
Key Headlines:
• Chinese banks will be closed in observance of Labor Day.
• UK banks will be closed in observance of May Day.
• Australia AIG manufacturing Index stands at 58.5 vs 55.7 previous release.
• Australia MI Infla on Gauge stands at -0.1 pct vs 0.8 pct previous release.
• Japan Final Manufacturing PMI stands at 53.5 vs 53.4 previous release.
• Moderna says its vaccine for ages under 6 will be ready for U.S. review in June – Reuters.
• The outbreak in Shanghai, which began in March, has been China's worst since the early months of the pandemic in 2020 – Reuters.
• Africa's first COVID-19 vaccina on plant, touted last year as a trailblazer for an under-vaccinated con nent frustrated by sluggish Western handouts, risks shu ng down a er
receiving not a single order, a company execu ve said on Saturday – Reuters.
• China's financial hub of Shanghai has reined in COVID transmission risks at the community level, excluding cases in quaran ne centres, with six of its 16 districts a aining zero-COVID
status, an official said on Sunday – Reuters.
• China's eastern commercial hub of Shanghai reported 38 new COVID-19 related deaths on April 30, down from 47 a day earlier, the local health authority said on Sunday – Reuters.
• China's Suzhou Abogen Biosciences Co said its COVID-19 vaccine candidate using the messenger RNA (mRNA) technology and targe ng the Omicron variant has obtained clinical trial
approval in the United Arab Emirates – Reuters.
• Pfizer Inc's vaccines head Kathrin Jansen, who led the development of the U.S. drugmaker's COVID-19 shot, has decided to re re later this year – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 ISTT) German Retail Sales, previous 0.3, expected 0.2.
• (0700 GMT/1230 IST) Swiss SECO Consumer Climate, previous -4, expected -15.
• (0715 GMT/1245 IST) Spain Manufacturing PMI, previous 54.2, expected 54.0.
• (0730 GMT/1300 IST) Swiss Manufacturing PMI, previous 64.0, expected 60.5
• (0745 GMT/1315 IST) Italy Manufacturing PMI, previous 55.8, expected 55.1.
• (0750 GMT/1320 IST) France Manufacturing PMI, previous 55.4, expected 55.4.
• (0755 GMT/1325 IST) German Manufacturing PMI, previous 54.1, expected 54.1.
• (0800 GMT/1330 IST) Euro Final Manufacturing PMI, previous 55.3, expected 55.3.
• (0800 GMT/1330 IST) Italy Unemployment Rate, previous 8.5, expected 8.4.
• (1330 GMT/1900 IST) Canada Manufacturing PMI, previous 58.9, expected 58.2.
• (1345 GMT/1915 IST) U.S. Final Manufacturing PMI, previous 58.9, expected 58.2.
• (1400 GMT/1930 IST) U.S. ISM Manufacturing PMI, previous 57.1, expected 57.5.
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 up 0.43% to 103.40 points.

3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7072
R2 S2
0.7099
R3 S3
0.7126
R4
Commentary
S4
0.7150
Buy Above 0.7072
0.7100
0.7040
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7026
0.7000
0.7050
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie weakens on Monday despite higher than previous AIG Manufacturing PMI
data and hits lowest level since Jan 31, 2022. Today pair made intraday high at $0.7082 and low at
$0.7032 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $0.7072 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7030 will check further supports.
0.7021
0.7001
0.6976
0.6948
MAY,
2022

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
1.0555
R2 S2
1.0572
R3 S3
1.0600
R4
Commentary
S4
1.0638
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD:The Euro trades marginally lower on Monday ahead of Manufacturing PMI results from the
Euro area and hovers around $1.0520 mark. The pair made intraday high at $1.0561 and low at
$1.0517 mark. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being.
A consistent close above $1.0555 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0490 on H1 chart will check further supports.
EUR / USD
1.0490
1.0465
1.0450
1.0422
Buy Above 1.0550
1.0580
1.0511
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0490
1.0450
1.0522
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022

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
1.2572
R2 S2
1.2615
R3 S3
1.2650
R4
Commentary
S4
1.2682
Buy Above 1.2575
1.2612
1.2542
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2531
1.2501
1.2557
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling trades in narrow range on Monday as U.K. banks will be closed in
observance of May Day. Today pair made intraday high at $1.2596 and low at $1.2551 mark. A day
chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $1.2572 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2530 will check further supports.
USD
1.2530
1.2505
1.2480
1.2455
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022

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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2875
R2 S2
1.2904
R3 S3
1.2932
R4
Commentary
S4
1.2965
Buy Above 1.2880
1.2910
1.2851
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2840
1.2801
1.2872
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD falls gradually against U.S. dollar ahead of Manufacturing PMI data and
stabilizes above 1.2850 mark. Today the pair made intraday high at 1.2874 and low at 1.2840 mark.
Today a day chart and H1 chart with triple EMAsuggest up trend for the time being.Asustained close
above 1.2875 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2840
on H1 chart will check key supports too.
USD /CAD
1.2840
1.2805
1.2780
1.2755
MAY,
2022

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
130.54
R2 S2
130.76
R3 S3
131.12
R4
Commentary
S4
131.40
Buy Above 130.54
130.99
130.15
– Take Profit
– Stop Loss
Trade Idea
Sell Below 129.90
129.51
130.22
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Monday after Flat Final manufacturing PMI
data. The pair made intraday high at 130.30 and low at 129.61 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 130.54 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 129.90 on H1 chart will check
further key supports.
USD /JPY
129.90
129.65
129.30
129.01
MAY,
2022

8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1904
R2 S2
1909
R3 S3
1914
R4
Commentary
S4
1920
Buy Above 1894
1901
1887
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1878
1871
1885
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on a lower note ahead of U.S. ISM Manufacturing PMI
data and stabilizes below $1,890 mark. Today pair made intraday high at $1,900 and low at $1,884
mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $1,899 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,878 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1878
1872
1867
1862
MAY,
2022

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