DAILY ANALYSIS REPORT MAY 21 2021

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21 May, 2021
Daily Analysis Report

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Asian Bulle n: Euro moves in rigid boundaries ahead of key Flash Manufacturing PMI data, Asian stock markets mixed, European stock in green, gold back above
$1,870 mark
Key Headlines:
• Australia Flash manufacturing PMI stands at 59.9 vs 59.7 previous release.
• Australia Flash services PMI stands at 58.2 vs 58.8 previous release.
• U.K. GFK Consumer Confidence stands at -9 vs -15 previous release.
• Japan Na onal Core CPI stands at -0.1 vs -0.1 pct previous release.
• Japan Flash manufacturing PMI stands at 52.5 vs 53.6 previous release.
• Australia retail sales stand at 1.1 pct vs 1.3 pct previous release.
Economic Data Ahead:
• (0730 GMT/1300 IST) German Flash manufacturing PMI, previous 66.2, expected 66.0.
• (0730 GMT/1300 IST) German Flash Services PMI, previous 49.9, expected 52.0.
• (0800 GMT/1330 IST) Euro Flash manufacturing PMI, previous 62.9, expected 62.5.
• (0800 GMT/1330 IST) Euro Flash services PMI, previous 50.5, expected 52.5.
• (0830 GMT/1400 IST) U.K. Flash manufacturing PMI, previous 60.9, expected 60.7.
• (0830 GMT/1400 IST) U.K. Flash services PMI, previous 61.0, expected 62.2.
• (1230 GMT/1800 IST) Canada Retail Sales, previous 4.8, expected 2.3.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous 4.8, expected 2.3.
• (1345 GMT/1915 IST) U.S. flash manufacturing PMI, previous 60.5, expected 60.0.
• (1345 GMT/1915 IST) U.S. flash services PMI, previous 64.7, expected 64.3.
• (1400 GMT/1930 IST) U.S. Exis ng Home Sales, previous 6.01M, expected 6.09M.
Economic Events Ahead:
• All Day – Euro Group Mee ng.
• (1100 GMT/1630 IST) ECB President Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.05% to 89.77 points.

3. AUD / USD
BUY SELL
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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
0.7790
R2 S2
0.7822
R3 S3
0.7854
R4
Commentary
S4
0.7877
Buy Above 0.7782
0.7812
0.7752
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7740
0.7710
0.7775
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower as Australia released Flash Manufacturing and
Services PMI data with flat numbers. The pair made intraday high at $0.7778 and low at $0.7753
mark. A day chart suggests bullish trend while H1 chart confirms bearish trend for the time being.
A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.7740 will check further supports.
0.7740
0.7715
0.7690
0.7662

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2240
R2 S2
1.2287
R3 S3
1.2315
R4
Commentary
S4
1.2347
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-
Time Frame: H1
EUR/USD: The euro rises gradually against U.S. dollar and stabilizes above $1.2200 mark. Today
pair made intraday high at $1.2239 and low at $1.2220. Today triple EMA on a day and H1 chart
suggests bullish trend for the time being. A consistent close above $1.2240 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.2199 on H1 chart will check further
supports.
EUR / USD
1.2199
1.2170
1.2138
1.2101
Buy Above 1.2245
1.2275
1.2218
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2206
1.2177
1.2232
– 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
1.4211
R2 S2
1.4227
R3 S3
1.4254
R4
Commentary
S4
1.4287
Buy Above 1.4211
1.4240
1.4180
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4168
1.4140
1.4200
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The trades almost flat on Friday and stabilizes around $1.42 mark. The pair made
intraday high at $1.4199 and low at $1.4169 mark. A day chart as well as H1 chart with triple EMA
confirm bullish trend for the time being. A sustained close above $1.4211 on H1 chart will check
key resistances. Alternatively, reversal from here will take the parity down below $1.4150 mark.
USD
1.4150
1.4112
1.4082
1.4040
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
1.2090
R2 S2
1.2140
R3 S3
1.2172
R4
Commentary
S4
1.2198
Buy Above 1.2090
1.2122
1.2060
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2048
1.2020
1.2075
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar fails to find support below 1.2050 mark and enjoys roller coaster
movement against U.S. dollar. Today pair made intraday high at 1.2086 and low at 1.2053 mark.
Today a day chart as well as H1 chart with Triple EMA confirm bearish trend for the time being. A
sustained close above 1.2090 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2050 on H1 chart will check key supports too.
USD /CAD
1.2048
1.2026
1.2002
1.1978
MAY,
2
021

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
109.30
R2 S2
109.55
R3 S3
109.76
R4
Commentary
S4
110.10
Buy Above 108.90
109.20
108.72
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.60
108.33
108.80
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen rises sharply after robust National Core CPI results and remains
well supported below 109.00 mark. The pair made intraday high at 108.89 and low at 108.73
mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being.
A sustained close above 108.90 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 108.60 on H1 will check further key supports.
USD /JPY
108.58
108.40
108.15
107.87
MAY,
2
021

8. BUY SELL
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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
1878
R2 S2
1884
R3 S3
1889
R4
Commentary
S4
1896
Buy Above 1878
1885
1870
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1868
1858
1876
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades marginally lower ahead of U.S.’s Flash PMI data and stabilizes
above $1,870 mark. Today pair made intraday high at $1,878 and low $1,870 mark. A day chart
and H1 chart is confirming up trend for the time being. A sustained close above $1,878 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,855 will check further
supports.
XAU [GOLD]
USD
/
1868
1862
1855
1848
MAY,
2
021

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