DAILY ANALYSIS REPORT MAY 28 2021

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28 May, 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen falls sharply as economic indicators miss expecta ons, Asian stock markets extremely up, gold hovers around $1,890 mark
Key Headlines:
• Japan Tokyo Core CPI remains unchanged at -0.2 pct.
• Japan unemployment rate stands at 2.8 pct vs 2.6 pct previous release.
• PBOC sets yuan Mid-Point At 6.3858 / U.S. dollar vs last close 6.3840.
• PBOC - First fixing below 6.4000 since June 2018.
• Japan Govt seeks to extend the virus emergency in Tokyo and other areas.
Economic Data Ahead:
• (0645 GMT/1215 IST) France Consumer Spending, Previous -1.1, expected -4.1.
• (0645 GMT/1215 IST) France Prelim CPI, previous 0.1, expected 0.3.
• (0645 GMT/1215 IST) France Prelim GDP q/q, previous 0.4, expected 0.4.
• (0700 GMT/1230 IST) Swiss KOF Economic barometer, previous 134.0, expected 132.2.
• (1230 GMT/1800 IST) U.S. Personal Income, previous 21.1, expected -14.2.
• (1230 GMT/1800 IST) U.S. Personal spending, previous 4.2, expected 0.5.
• (1345 GMT/1915 IST) U.S. Chicago PMI, previous 72.1, expected 67.9.
• (1400 GMT/1930 IST) U.S. Revised UoM Consumer Sen ment, previous 82.8, expected 83.1.
Economic Events Ahead:
• All Day – G7 Mee ng.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.13% to 90.09 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
0.7755
R2 S2
0.7772
R3 S3
0.7790
R4
Commentary
S4
0.7837
Buy Above 0.7755
0.7776
0.7732
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7721
0.7698
0.7746
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades almost flat during Friday Asian hours and stabilizes around $0.7750
mark. The pair made intraday high at $0.7747 and low at $0.7736 mark. A day chart is bullish
while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above
$0.7755 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
0.7637

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2205
R2 S2
1.2228
R3 S3
1.2262
R4
Commentary
S4
1.2290
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-
Time Frame: H1
EUR/USD: The euro trades marginally lower on Friday and remains well supported below $1.22
mark. Today pair made intraday high at $1.2195 and low at $1.2181. Today triple EMA on a day
chart is up but H1 chart suggests bearish trend for the time being. A consistent close above
$1.2205 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2180
on H1 chart will check further supports.
EUR / USD
1.2180
1.2164
1.2132
1.2100
Buy Above 1.2215
1.2240
1.2180
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2172
1.2140
1.2205
– 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
1.4211
R2 S2
1.4230
R3 S3
1.4267
R4
Commentary
S4
1.4296
Buy Above 1.4205
1.4230
1.4180
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4172
1.4147
1.4201
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling appreciates sharply against U.S. dollar and hovers around $1.42 mark.
The pair made intraday high at $1.4208 and low at $1.4182 mark. A day chart as well as H1 chart
with triple EMA suggest bullish trend for the time being. A sustained close above $1.4211 on H1
chart will check key resistances. Alternatively, a consistent close below $1.4150 will check further
supports.
USD
1.4150
1.4115
1.4090
1.4070
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..2204
Buy Above 1.2090
1.2112
1.2071
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2060
1.2036
1.2087
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar exhibits range bound movement and stabilizes below 1.21 mark.
Today pair made intraday high at 1.2088 and low at 1.2060 mark. Today a day and H1 chart with
Triple EMA confirms down trend for the time being. A sustained close above 1.2090 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2064 on H1 chart will check
key supports too.
USD /CAD
1.2064
1.2042
1.2015
1.2000
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
110.02
R2 S2
110.24
R3 S3
110.55
R4
Commentary
S4
110.78
Buy Above 109.98
110.22
109.71
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.65
109.38
109.95
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls sharply against U.S. dollar and hovers around 110.00 mark.
The pair made intraday high at 109.95 and low at 109.73 mark. The triple EMA on a day chart and
H1 chart suggest bullish trend for the time being. A sustained close above 109.92 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 109.70 on H1 will check further
key supports.
USD /JPY
109.70
109.47
109.15
108.82
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
1902
R2 S2
1909
R3 S3
1916
R4
Commentary
S4
1922
Buy Above 1898
1905
1890
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1886
1881
1894
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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-
Time Frame: H1
XAU/USD (GOLD): Gold reverses previous gain and remains well supported below $1,900 mark.
Today pair made intraday high at $1,898 and low $1,892 mark. A day chart is up while H1 chart
with triple EMA confirms slightly bearish trend for the time being. A sustained close above $1,902
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,887 will check
further supports.
XAU [GOLD]
USD
/
1887
1881
1876
1870
MAY,
2
021

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