DAILY ANALYSIS REPORT MAY 20 2021

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20 May, 2021
Daily Analysis Report

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Asian Bulle n: Aussie strengthens a er mixed job results, Asian stock markets mixed, gold back above $1,870 mark
Key Headlines:
• Japan Core machinery orders stands at 3.7 pct vs -8.5 pct previous release.
• Japan trade balance stands at 0.07T vs 0.37T previous release.
• Australia MI infla on expecta ons stand at 3.5 pct vs 3.2 pct previous release.
• Australia employment change stands at -30.6K vs 77.0K previous release (expected 17.5K).
• Australia unemployment rate stands at 5.5 pct vs 5.7 pct previous release (expected 5.6).
• Fed Minutes - A couple of Fed policymakers raised risks of infla on building to 'unwelcome' levels before sufficiently evident to induce policy reac on.
• Fed minutes - Some saw taper talk star ng at upcoming mee ngs.
• Fed minutes - Par cipants agreed economy s ll far from Fed's goals.
• Fed minutes - Will be some me before substan al progress.
Economic Data Ahead:
• (0800 GMT/1330 IST) Euro Current account, previous 25.9B, expected 24.3B.
• (1000 GMT/1530 IST) U.K. CBI Industrial Order Expecta ons, previous -8, expected 0.
• (1230 GMT/1800 IST) U.S. Philly Fed Manufacturing Index, previous 50.2, expected 40.8.
• (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 473K, expected 453K.
Economic Events Ahead:
• (1200 GMT/1730 IST) ECB President Lagarde Speaks.
• (1500 GMT/2030 IST) Canada BOC Gov Macklem 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 90.13 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
0.7757
R2 S2
0.7790
R3 S3
0.7822
R4
Commentary
S4
0.7854
Buy Above 0.7760
0.7790
0.7737
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7710
0.7676
0.7750
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie rises sharply after mixed employment change data. The pair made
intraday high at $0.7748 and low at $0.7716 mark. A day chart suggests bullish trend while H1
chart confirms bearish trend for the time being. A sustained close above $0.7757 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7715 will check further
supports.
0.7715
0.7690
0.7662
0.7638

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2202
R2 S2
1.2228
R3 S3
1.2257
R4
Commentary
S4
1.2287
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-
Time Frame: H1
EUR/USD: The euro enjoys roller coaster movement against U.S. dollar and today the parity is
trading marginally higher around $1.2180 mark. Today pair made intraday high at $1.2185 and low
at $1.2168. Today triple EMA on a day is up but H1 chart suggests bearish trend for the time
being. A consistent close above $1.2202 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.2168 on H1 chart will check further supports.
EUR / USD
1.2168
1.2138
1.2101
1.2074
Buy Above 1.2202
1.2240
1.2168
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2160
1.2128
1.2196
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4140
R2 S2
1.4176
R3 S3
1.4205
R4
Commentary
S4
1.4238
Buy Above 1.4132
1.4154
1.4098
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4088
1.4054
1.4120
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades flat against U.S. dollar and stabilizes back below $1.4200 mark.
The pair made intraday high at $1.4121 and low at $1.4101 mark. A day chart is showing up trend
but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above
$1.4140 on H1 chart will check key resistances. Alternatively, reversal from here will take the
parity down below $1.4100 mark.
USD
1.4086
1.4050
1.4022
1.4001
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
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2140
R2 S2
1.2172
R3 S3
1.2198
R4
Commentary
S4
1.2218
Buy Above 1.2140
1.2172
1.2110
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2094
1.2068
1.2127
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar exhibits range bound movement against U.S. dollar and remains
well supported below 1.2150 mark. Today pair made intraday high at 1.2139 and low at 1.2105
mark. Today a day chart is bearish but H1 chart with Triple EMA confirms bullish trend for the time
being. A sustained close above 1.2140 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2089 on H1 chart will check key supports too.
USD /CAD
1.2089
1.2048
1.2002
1.1978
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
109.54
109.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.00
108.80
109.20
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged despite lower than expected Core
Machinery orders data and flat trade balance data. The pair made intraday high at 109.30 and low
at 109.09 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time
being. A sustained close above 109.30 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 108.85 on H1 will check further key supports.
USD /JPY
108.85
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
1890
R2 S2
1897
R3 S3
1904
R4
Commentary
S4
1910
Buy Above 1882
1889
1875
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1862
1855
1871
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session and currently stabilizes
around $1,870 mark. Today pair made intraday high at $1,879 and low $1,863 mark. A day chart
and H1 chart is confirm up trend for the time being. A sustained close above $1,889 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $1,855 will check further
supports.
XAU [GOLD]
USD
/
1862
1855
1848
1840
MAY,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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