The document is a daily analysis report from TP Global FX that provides: - An overview of Asian markets with the US dollar trading flat against major currencies and Asian stocks rising. - Key headlines on economic news from Germany, Switzerland, Canada, New Zealand, China, Japan, and the UK. - Analysis and technical summaries for several currency pairs including AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD, providing details on trends, moving averages, Fibonacci levels, and trade recommendations.

1. +1 7754 366 970
analysis@tpglobalfx.com
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24 May, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat against major peers on the back of Economic light calendar, Asian stock markets in green, gold slightly up
Key Headlines:
• Germany, Swiss and Canadian banks will remain close for the day.
• New Zealand Retail Sales q/q stands at 2.5 pct vs -2.6 pct previous release.
• New Zealand Core Retail Sales q/q stands at 3.2 pct vs -2.9 pct previous release.
• RBA – High quality Central Bank communica on can improve the effec veness of monetary policy and is an essen al element in providing greater central bank
transparency.
• China pledges `Zero Tolerance' of commodi es futures viola ons.
• PBoC - It will maintain the exchange rate of the Yuan at “Basically Stable” levels a er recent comments by its officials who suggested the currency be allowed
to appreciate and authori es should eventually let up on controlling it.
• Japan's Chief Cabinet Secretary Kato - The li ing or extending of the state of emergency will be decided by comprehensively looking at situa ons of infec on,
medical and flow of people.
Economic Data Ahead:
• No Key Indicators scheduled for the day.
Economic Events Ahead:
• (1205 GMT/1735 IST) BOJ Gov Kuroda Speaks.
• (1430 GMT/2000 IST) U.K. BOE Gov Bailey Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 90.03 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
0.7740
R2 S2
0.7772
R3 S3
0.7790
R4
Commentary
S4
0.7837
Buy Above 0.7740
0.7772
0.7720
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7715
0.7690
0.7737
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie exhibits range bound movement on Monday and consolidates around
$0.7722 mark. The pair made intraday high at $0.7736 and low at $0.7713 mark. A day chart
suggests bullish trend while H1 chart confirms down trend for the time being. A sustained close
above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7720 will check further supports.
0.7720
0.7690
0.7662
0.7640

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2198
R2 S2
1.2240
R3 S3
1.2287
R4
Commentary
S4
1.2315
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-
Time Frame: H1
EUR/USD: The euro remains almost unchanged against U.S. dollar and moves in stiff boundaries.
Today pair made intraday high at $1.2187 and low at $1.2171. Today triple EMA on a day chart is
up while H1 chart suggests bearish trend for the time being. A consistent close above $1.2198 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2170 on H1 chart
will check further supports.
EUR / USD
1.2170
1.2138
1.2101
1.2080
Buy Above 1.2198
1.2242
1.2162
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2158
1.2133
1.2191
– 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
1.4170
R2 S2
1.4188
R3 S3
1.4211
R4
Commentary
S4
1.4254
Buy Above 1.4172
1.4202
1.4137
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4132
1.4100
1.4163
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling trades marginally higher against U.S. dollar and hovers around $1.4150
mark. The pair made intraday high at $1.4157 and low at $1.4136 mark. A day chart as well as H1
chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4170 on
H1 chart will check key resistances. Alternatively, a consistent close below $1.4140 will drag the
parity down below $1.4100 mark.
USD
1.4140
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 1.2082
1.2111
1.2058
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2050
1.2022
1.2076
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar rises gradually against U.S. dollar and remains well supported
below 1.21 mark. Today pair made intraday high at 1.2077 and low at 1.2054 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 1.2057 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
108.99
R2 S2
109.30
R3 S3
109.55
R4
Commentary
S4
109.76
Buy Above 109.00
109.22
108.82
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.71
108.49
108.91
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a flat note and stabilizes below 109.00 mark.
The pair made intraday high at 108.99 and low at 108.82 mark. The triple EMA on a day chart is
up but H1 chart suggests bearish trend for the time being. A sustained close above 108.99 on H1
chart requires for the upside rally. Alternatively, a consistent close below 108.75 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
1890
R2 S2
1897
R3 S3
1904
R4
Commentary
S4
1911
Buy Above 1889
1896
1882
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1878
1872
1886
– 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 positive note but important to note here that U.S.
calendar is empty for the day. Today pair made intraday high at $1,887 and low $1,879 mark. A
day chart and H1 chart is confirming 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 $1,878 will check
further supports.
XAU [GOLD]
USD
/
1878
1872
1867
1862
MAY,
2
021

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