The document is a daily analysis report from TP Global FX that provides an economic and market summary for Asian markets. It includes key economic data releases and events. The report also provides technical analysis and trade ideas for several currency pairs, including AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD. Charts suggest current trends and support and resistance levels, with buy and sell signals identified. The overall document analyzes market conditions and provides trading recommendations for major FX pairs.

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19 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. FOMC Mee ng minutes, Asian Stock markets mixed, gold stabilizes below $1,875 mark
Key Headlines:
• New Zealand PPI Input q/q stands at 2.1 pct vs 0.1 pct previous release.
• New Zealand PPI output q/q stands at 1.2 pct vs 0.5 pct previous release.
• Australia Westpac Consumer Sen ment stands at -4.8 pct vs 6.2 pct previous release.
• Australia wage price index remains unchanged at 0.6 pct.
• Japan revised industrial produc on stands at 1.7 pct vs 2.2 pct previous release.
Economic Data Ahead:
• (0830 GMT/1400 IST) U.K. HPI, previous 8.6, expected 7.6.
• (0900 GMT/1430 IST) Euro Final CPI, previous 1.6, expected 1.6.
• (0900 GMT/1430 IST) Euro Final Core CPI, previous 0.8, expected 0.8.
• (1230 GMT/1800 IST) Canada CPI, previous 0.5, expected 0.2.
Economic Events Ahead:
• Tenta ve – ECB Financial Stability Review.
• (1800 GMT/2330 IST) U.S. FOMC Mee ng Minutes.
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 89.76 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
0.7809
R2 S2
0.7837
R3 S3
0.7862
R4
Commentary
S4
0.7888
Buy Above 0.7811
0.7842
0.7785
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7770
0.7742
0.7802
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains volatile on Wednesday and stabilizes below $0.78 mark. The pair
made intraday high at $0.7797 and low at $0.7778 mark. A day chart and H1 chart confirm bullish
trend for the time being. A sustained close above $0.7809 on H1 chart requires for the upside
rally. Alternatively, a consistent close below $0.7770 will check further supports.
0.7740
0.7722
0.7690
0.7662

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2265
R2 S2
1.2296
R3 S3
1.2322
R4
Commentary
S4
1.2343
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-
Time Frame: H1
EUR/USD: The euro strengthens sharply against U.S. dollar ahead of ECB’s Financial Stability
Review. Today pair made intraday high at $1.2242 and low at $1.2217. Today triple EMA on a day
and H1 chart suggest bullish trend for the time being. A consistent close above $1.2265 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.2200 on H1 chart will
check further supports.
EUR / USD
1.2200
1.2165
1.2138
1.2101
Buy Above 1.2251
1.2280
1.2220
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2205
1.2167
1.2230
– 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
1.4202
R2 S2
1.4240
R3 S3
1.4272
R4
Commentary
S4
1.4299
Buy Above 1.4200
1.4238
1.4166
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4157
1.4121
1.4181
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling remains almost unchanged against U.S. dollar and stabilizes back below
$1.4200 mark. The pair made intraday high at $1.4200 and low at $1.4178 mark. A day chart as
well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above
$1.4200 on H1 chart will check key resistances. Alternatively, reversal from here will take the
parity down below $1.4150 mark.
USD
1.4125
1.4086
1.4050
1.4022
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2078
R2 S2
1.2198
R3 S3
1.2140
R4
Commentary
S4
1.2170
Buy Above 1.2090
1.2115
1.2061
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2052
1.2025
1.2080
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar erases previous gain against U.S. dollar and remains well
supported above 1.2050 mark. Today pair made intraday high at 1.2080 and low at 1.2056 mark.
Today a day chart and H1 chart with Triple EMA confirms bearish trend for the time being. A
sustained close above 1.2078 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2048 on H1 chart will check key supports too.
USD /CAD
1.2048
1.2002
1.1968
1.1940
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 109.12
109.40
108.84
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.79
108.55
109.06
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Wednesday and hovers around 109.00
mark. The pair made intraday high at 109.07 and low at 108.82 mark. The triple EMA on a day
chart is up while H1 chart suggests bearish trend for the time being. A sustained close above
109.12 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
1874
R2 S2
1878
R3 S3
1884
R4
Commentary
S4
1890
Buy Above 1875
1882
1867
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1862
1854
1870
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades marginally lower on Wednesday and stabilizes well below $1,875
mark. Today pair made intraday high at $1,874 and low $1,864 mark. A day chart and H1 chart is
confirming bullish trend for the time being. A sustained close above $1,875 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,862 will check further supports.
XAU [GOLD]
USD
/
1862
1857
1848
1840
MAY,
2
021

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