DAILY ANALYSIS REPORT MAY 18 2021

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18 May, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar weakens sharply against major peers a er conflicted comments from U.S. Fed Officials; Asian Stock markets up, likely to take European Stocks
higher; gold hovers around $1,870 mark
Key Headlines:
• Japan Prelim GDP Price Index stands at -0.2 pct vs 0.3 pct previous release.
• Japan Prelim GDP q/q stands at -1.3 pct vs 2.8 pct previous release.
• RBA Mee ng Minutes - A target for the Cash Rate of 0.1 per cent.
• RBA Mee ng Minutes – An interest rate of zero on Exchange Se lement balances held by financial ins tu ons at the Bank.
• RBA Mee ng Minutes - A target of around 0.1 per cent for the yield on the 3-year Australian Government bond.
• RBA Mee ng Minutes - The expanded Term Funding Facility to support credit to businesses, par cularly small and medium-sized businesses, with an interest
rate on new drawings un l 30 June 2021 of 0.1 per cent.
• RBA Mee ng Minutes - The purchase of an addi onal $100 billion of government bonds at the same rate of $5 billion per week following comple on of the
first bond purchase program of $100 billion.
• China State Planner - Hopes Australia will treat Chinese companies fairly, sees coopera on in objec ve and reasonable way.
• China State Planner - Australia should stop wrong ac ons of interfering with bilateral trade.
• China State Planner - Australia should take responsibility for the suspension of the bilateral economic dialogue mechanism.
• China Premier Li on telephonic conversa on with Italy PM Mario Draghi - Both sides pledging to promote bilateral es and advance China-EU coopera on to
address global challenges.
• Fed'S Kaplan - It is prudent to conclude that the dollar's supremacy may not last forever.
• Fed's Kaplan - We should acknowledge that the Fed impacts asset prices and inequality.
• Fed's Kaplan - We have tools to deal with infla on, but if we need to use them they can have some jarring effects.
• Fed's Kaplan repeats - I favor taper talk sooner rather than later.
• Fed’s Clarida – Not yet me to start Taper talk.
• Israel PM Netanyahu told Biden in their call he want to complete all the goals of the Gaza opera on.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. Claimant Count Change, previous 10.1K, expected 25.6K.
• (0600 GMT/1130 IST) U.K. unemployment rate, previous 4.9, expected 4.9.
• (0800 GMT/1330 IST) Italy Trade balance, previous 4.75B, expected 4.40B.
• (0900 GMT/1430 IST) Euro Flash GDP, previous -0.6, expected -0.6.
• (0900 GMT/1430 IST) Euro Trade balance, previous 18.4B, expected 20.3B.
• (1230 GMT/1800 IST) U.S. housing start, previous 1.74M, expected 1.71M.
• (1230 GMT/1800 IST) U.S. building permits, previous 1.76M, expected 1.77M.
Economic Events Ahead:
• (1400 GMT/1930 IST) BOE Gov Bailey Speaks.
• (1500 GMT/2030 IST) SNB Chairman Jordan Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 90.10 points.

3. AUD / USD
BUY SELL
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MAY,
2
021
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
0.7809
R2 S2
0.7837
R3 S3
0.7862
R4
Commentary
S4
0.7888
Buy Above 0.7798
0.7825
0.7776
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7762
0.7732
0.7780
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie rises on Tuesday after RBA’s Monetary Policy Meeting Minutes and
touches $0.7797 mark in opening hours. The pair made intraday high at $0.7797 and low at
$0.7757 mark. A day chart and H1 chart confirm bullish trend for the time being. A sustained close
above $0.7809 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7750 will check further supports.
0.7740
0.7722
0.7690
0.7662

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2178
R2 S2
1.2206
R3 S3
1.2240
R4
Commentary
S4
1.2268
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-
Time Frame: H1
EUR/USD: The euro rises gradually against U.S. dollar ahead of EU’s flash GDP and trade
balance data. Today pair made intraday high at $1.2169 and low at $1.2148. Today triple EMA on
a day and H1 chart suggest bullish trend for the time being. A consistent close above $1.2167 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2148 on H1 chart
will check further supports.
EUR / USD
1.2148
1.2100
1.2057
1.2018
Buy Above 1.2182
1.2222
1.2160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2150
1.2117
1.2171
– 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
1.4202
R2 S2
1.4240
R3 S3
1.4272
R4
Commentary
S4
1.4299
Buy Above 1.4192
1.4228
1.4164
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4152
1.4122
1.4185
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling appreciates noticeably after U.K.’s Claimant Count Change Data. The
released data showed that Jobless Claims have reduced sharply in U.K. and this make sterling
strong against major peers. The pair made intraday high at $1.4183 and low at $1.4125 mark. A
day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained
close above $1.4190 on H1 chart will check key resistances. Alternatively, reversal from here will
take the parity down below $1.4100 mark.
USD
1.4125
1.4086
1.4050
1.4022
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2
021

6. 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
1.2098
R2 S2
1.2140
R3 S3
1.2170
R4
Commentary
S4
1.2190
Buy Above 1.2062
1.2098
1.2035
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2028
1.1997
1.2056
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades extremely higher on Tuesday and hits highest level since
May 01, 2015. Today pair made intraday high at 1.2073 and low at 1.2028 mark. Today a day
chart and H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close
above 1.2098 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2000 on H1 chart will check key supports too.
USD /CAD
1.2002
1.1968
1.1940
1.1909
MAY,
2
021

7. 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
109.30
R2 S2
109.55
R3 S3
109.76
R4
Commentary
S4
110.10
Buy Above 109.30
109.55
109.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.99
108.72
109.27
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades remains almost unchanged after lower than expected Prelim
GDP results. The pair made intraday high at 109.28 and low at 109.10 mark. The triple EMA on a
day chart is up while H1 chart suggests bearish trend for the time being. A sustained close above
109.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.99 on
H1 will check further key supports.
USD /JPY
108.99
108.68
108.40
108.15
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
1872
R2 S2
1878
R3 S3
1884
R4
Commentary
S4
1890
Buy Above 1876
1884
1868
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1865
1858
1871
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains volatile on Tuesday after comments from FOMC members’
speeches. Today pair made intraday high at $1,873 and low $1,865 mark. A day chart and H1
chart is confirming bullish trend for the time being. A sustained close above $1,872 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $1,862 will check further
supports.
XAU [GOLD]
USD
/
1862
1857
1848
1840
MAY,
2
021

9. Thank
you!
Info@tpglobalfx.com
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