DAILY ANALYSIS REPORT MAY 14 2021

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14 May , 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar remains vola le against major peers ahead of U.S. Retail Sales data, Most Asian and European stock markets in green, gold back above $1,830
mark
Key Headlines:
• New Zealand Business Manufacturing Index stands at 58.4 vs 63.6 previous release.
• Japan M2 Money Stock stands at 9.2 vs 9.4 previous release.
• South Korea Export price index stands at 10.6 pct vs 5.9 pct previous release.
• South Korea Import price index stands at 15.0 pct vs 9.0 pct previous release.
Economic Data Ahead:
• (1230 GMT/1800 IST) U.S. Retail Sales, previous 9.8, expected 1.0.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 8.4, expected 0.5.
• (1230 GMT/1800 IST) Canada manufacturing sales, previous -1.6, expected 3.5.
• (1230 GMT/1800 IST) Canada wholesale sales, previous -0.7, expected 1.0.
• (1315 GMT/1845 IST) U.S. Industrial produc on, previous 1.4, expected 0.9.
• (1315 GMT/1845 IST) U.S. Capacity u liza on rate, previous 74.4, expected 75.0.
• (1400 GMT/1930 IST) U.S. Prelim UoM Consumer Sen ment, previous 88.3, expected 90.2.
Economic Events Ahead:
• No key Events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 90.72 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
0.7751
R2 S2
0.7780
R3 S3
0.7822
R4
Commentary
S4
0.7855
Buy Above 0.7750
0.7776
0.7715
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7706
0.7676
0.7740
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades almost flat against U.S. dollar and hovers around $0.7722 mark.
The pair made intraday high at $0.7733 and low at $0.7713 mark. A day chart is bullish but H1
chart confirms bearish trend for the time being. A sustained close above $0.7751 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7698 will check further
supports.
0.7698
0.7677
0.7640
0.7610

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2101
R2 S2
1.2150
R3 S3
1.2178
R4
Commentary
S4
1.2206
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-
Time Frame: H1
EUR/USD: The euro trades marginally up on Friday ahead of ECB’s Monetary Policy Meeting
Account results but stabilizes below $1.21 mark. Today pair made intraday high at $1.2088 and
low at $1.2070. Today triple EMA on a day chart is bullish while H1 chart is confirming bearish
Trend in short run. A consistent close above $1.2101 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.2057 on H1 chart will check further supports.
EUR / USD
1.2057
1.2018
1.1990
1.1962
Buy Above 1.2105
1.2140
1.2071
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2063
1.2039
1.2090
– 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
1.4062
R2 S2
1.4096
R3 S3
1.4142
R4
Commentary
S4
1.4170
Buy Above 1.4067
1.4101
1.4037
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4031
1.4002
1.4062
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The pound moves in rigid boundaries on Friday and hovers around $1.4050 mark. The
pair made intraday high at $1.4054 and low at $1.4036 mark. Today a day chart is up but H1 chart
with triple EMA confirms bearish trend for the time being. A sustained close above $1.4062
requires for the upside rally. Alternatively, a consistent close below $1.4018 will check further key
supports.
USD
1.4018
1.4002
1.3985
1.3942
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
1.2189
R2 S2
1.2218
R3 S3
1.2250
R4
Commentary
S4
1.2276
Buy Above 1.2189
1.2220
1.2168
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2154
1.2120
1.2180
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar fails to find support below 1.21 mark and currently trading around
1.2170 mark. Today pair made intraday high at 1.2179 and low at 1.2158 mark. A day chart is
bearish but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close
above 1.2189 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2148 on H1 chart will check key supports too.
USD /CAD
1.2148
1.2100
1.2074
1.2038
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
109.72
R2 S2
110.00
R3 S3
110.22
R4
Commentary
S4
110.58
Buy Above 109.72
109.96
109.48
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.38
109.10
109.70
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen moves in stiff boundaries and remains well supported above 109.40
mark. The pair made intraday high at 109.65 and low at 109.40 mark. The triple EMA on a day
chart and H1 chart suggests bullish trend for the time being. A sustained close above 109.72 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will
check further key supports.
USD /JPY
109.40
109.22
108.89
108.67
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
1840
R2 S2
1847
R3 S3
1852
R4
Commentary
S4
1856
Buy Above 1838
1844
1830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1822
1815
1830
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new Day on a positive note and jumps back above $1,830
mark. Today pair made intraday high at $1,832 and low $1,819 mark. A day chart and H1 chart is
confirming bullish trend for the time being. A sustained close above $1,840 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,822 will check further supports.
XAU [GOLD]
USD
/
1822
1815
1808
1798
MAY,
2
021

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