DAILY ANALYSIS REPORT MAY 20 2022

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20 May 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen remains vola le on Friday a er strong Na onal Core CPI readings, Asian stock markets extremely higher, gold stabilizes around $1,840 mark
Key Headlines:
• New Zealand Trade Balance stands at 584M vs -581M previous release.
• U.K. GFK Consumer Confidence stands at -40 vs -38 previous release.
• Japan Na onal Core CPI stands at 2.1 pct vs 0.8 pct previous release.
• New Zealand Credit Card spending stands at 1.1 pct vs 3.5 pct previous release.
• An advisory panel to the U.S. Centers for Disease Control and Preven on (CDC) on Thursday voted to recommend COVID-19 vaccine booster shots for children ages 5 to 11, at least
five months a er comple ng their primary vaccina on course – Reuters.
• A panel of advisers to the U.S. Centers for Disease Control and Preven on on Thursday voted to recommend that all children aged 5 to 11 should receive a COVID-19 vaccine booster
dose at least five months a er comple ng the primary vaccina on course – Reuters.
• A first suspected case of the monkeypox virus on French territory has been detected in the Paris/Ile-de-France region, the French Health Ministry said on Thursday, amid signs of the
virus' spreading around the world – Reuters.
• The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a dra communique from a
mee ng in Germany – Reuters.
• The U.S. Centers for Diseases Control and Preven on (CDC) on Thursday said reports of heart inflamma on linked to the Pfizer /BioNTech COVID-19 vaccine have been much lower in
5- to 11-year-old boys than in adolescents and young men, represen ng only a slightly elevated rate than normal – Reuters.
• Credit Suisse has received its second ra ngs downgrade this week, adding further pressure to the beleagured Swiss lender which has been under fire over a series of losses and
scandals – Reuters.
• European Central Bank policymakers expressed widespread concern about the spread of infla on and made the case for con nued policy normalisa on, the accounts of their April
14 mee ng showed on Thursday – Reuters.
• Mexico's economy likely grew by 1.8% in April compared with the same month a year earlier, a preliminary es mate from na onal sta s cs agency INEGI showed on Thursday –
Reuters.
• Too many global investment banks con nue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading ac vity
to the bloc, ECB supervisory chief Andrea Enria said on Thursday – Reuters.
• The ul mate outcome of Europe's bloodiest ba le for decades remained publicly unresolved, with no confirma on of the fate of the hundreds of Ukrainian troops who had held out
in a vast steelworks at the end of a near three-month siege – Reuters.
• The Kremlin said Ukraine was showing no willingness to con nue peace talks, but officials in Kyiv blamed Russia for the lack of progress – Reuters.
• President Tayyip Erdogan said Sweden should not expect Turkey to approve its NATO bid without returning "terrorists", and Swedish and Finnish delega ons should not come to
Turkey to convince it to back their membership in the alliance – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. Retail Sales, previous -1.4, expected -0.3.
• (1400 GMT/1930 IST) Euro Consumer Confidence, previous -22, expected -22.
Economic Events Ahead:
• All Day – G7 Mee ngs Day – 03.
• (0730 GMT/1300 IST) U.K. MPC member Pill Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.30% to 103.04 points.

3. AUD / USD
BUY SELL
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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
0.7030
R2 S2
0.7055
R3 S3
0.7076
R4
Commentary
S4
0.7099
Buy Above 0.7030
0.7062
0.7000
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6989
0.6955
0.7021
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Friday and stabilizes around $0.7000 mark. Today
pair made intraday high at $0.7050 and low at $0.7002 mark. A day chart is down and H1 chart with
triple EMAsuggest up trend for the time being.Asustained close above $0.7030 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.6990 will check further supports.
0.6972
0.6950
0.6918
0.6901
MAY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0585
R2 S2
1.0618
R3 S3
1.0650
R4
Commentary
S4
1.0672
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-
Time Frame: H1
EUR/USD: The euro trades flat on Friday and remains well supported above $1.0550 mark ahead of
Euro’s Consumer Confidence data. The pair made intraday high at $1.0587 and low at $1.0554 mark.
Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A
consistent close above $1.0585 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0550 on H1 chart will check further supports.
EUR / USD
1.0550
1.0515
1.0490
1.0465
Buy Above 1.0585
1.0615
1.0560
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0550
1.0515
1.0573
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2490
R2 S2
1.2518
R3 S3
1.2540
R4
Commentary
S4
1.2572
Buy Above 1.2475
1.2511
1.2442
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2430
1.2400
1.2465
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling remains slightly volatile ahead of U.K.’s retail Sales data and hovers around
$1.2450 mark. Today pair made intraday high at $1.2477 and low at $1.2436 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1.2472 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2430 will
check further supports.
USD
1.2430
1.2401
1.2378
1.2340
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2022

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
1.2830
R2 S2
1.2855
R3 S3
1.2872
R4
Commentary
S4
1.2899
Buy Above 1.2830
1.2862
1.2804
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2789
1.2760
1.2820
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD starts a new day on a slightly higher note and remains well supported above
1.2800 mark. Today the pair made intraday high at 1.2834 and low at 1.2807 mark. Today a day chart
is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
1.2830 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2797 on H1
chart will check key supports too.
USD /CAD
1.2797
1.2754
1.2722
1.2701
MAY,
2022

7. BUY SELL
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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
128.22
R2 S2
128.50
R3 S3
128.79
R4
Commentary
S4
129.00
Buy Above 128.22
128.65
127.87
– Take Profit
– Stop Loss
Trade Idea
Sell Below 127.38
127.00
127.72
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen rises on Friday after robust National Core CPI data and hovers around
127.50 mark. The pair made intraday high at 128.21 and low at 127.59 mark. The triple EMAon a day
chart is up and H1 chart suggests down trend for the time being. A sustained close above 128.11 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 127.18 on H1 chart will
check further key supports.
USD /JPY
127.18
126.88
126.50
126.22
MAY,
2022

8. BUY SELL
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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
1847
R2 S2
1854
R3 S3
1862
R4
Commentary
S4
1867
Buy Above 1847
1854
1841
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1836
1828
1844
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades flat on Friday and hovers around $1,840 mark. Today pair made
intraday high at $1,844 and low at $1,836 mark. A day chart is down and H1 chart with triple EMA
suggests up trend for the time being. A sustained close above $1,847 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1,836 on H1 chart will test further supports. U.S.
calendar will remain empty for the day.
XAU [GOLD]
USD
/
1836
1830
1826
1821
MAY,
2022

9. Thank
you!
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