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04 June, 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar strengthens against major peers on robust U.S. ADP job data released yesterday, most Asian stock markets in green, gold hits fresh 2 – week low
at $1,856 mark
Key Headlines:
• Japan household spending stands at 13.0 pct vs 6.2 pct previous release (expected 8.6).
• Australia Home loan stand at 4.3 pct vs 3.3 pct previous release.
• India RBI keeps interest rate unchanged at 4.00 pct.
• RBI keeps Reverse Repo Rate unchanged at 3.35 pct.
• Singapore retail sale m/m stands at -1.3 pct vs 3.0 pct previous release.
Economic Data Ahead:
• (0900 GMT/1430 IST) Euro Retail Sales, previous 2.7, expected -1.4.
• (1230 GMT/1800 IST) Canada employment Change, previous -207.K, expected -23.5K.
• (1230 GMT/1800 IST) Canada Unemployment rate, previous 8.1, expected 8.2.
• (1230 GMT/1800 IST) U.S. NFP Job data, previous 266K, expected 645K.
• (1230 GMT/1800 IST) U.S. Unemployment rate, previous 6.1, expected 5.9.
• (1400 GMT/1930 IST) Canada Ivey PMI, previous 60.6, expected 62.3.
• (1400 GMT/1930 IST) U.S. Factory Orders, previous 1.1, expected -0.3.
Economic Events Ahead:
• All Day – G7 Mee ngs.
• (1100 GMT/1630 IST) ECB President Lagarde Speaks.
• (1100 GMT/1630 IST) Fed Chair Powell Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.07% to 89.96 points.
3. AUD / USD
BUY SELL
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JUNE,
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
0.7677
R2 S2
0.7720
R3 S3
0.7751
R4
Commentary
S4
0.7790
Buy Above 0.7682
0.7712
0.7645
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7635
0.7608
0.7660
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens sharply and slips below $0.77 mark. The pair made intraday high
at $0.7666 and low at $0.7649 mark. A day chart and H1 chart with triple EMA confirms bearish
trend for the time being. A sustained close above $0.7677 on H1 chart requires for the upside
rally. Alternatively, a consistent close below $0.7638 will check further supports.
0.7638
0.7602
0.7580
0.7547
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2150
R2 S2
1.2172
R3 S3
1.2190
R4
Commentary
S4
1.2222
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-
Time Frame: H1
EUR/USD: The euro spikes down sharply and touches $1.2114 mark in early Asia. Today pair
made intraday high at $1.2132 and low at $1.2114. Today triple EMA on a day chart is up while H1
chart suggests bearish trend for the time being. A consistent close above $1.2150 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.2085 on H1 chart will check
further supports.
EUR / USD
1.2085
1.2062
1.2038
1.2002
Buy Above 1.2152
1.2176
1.2120
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2098
1.2071
1.2131
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4122
R2 S2
1.4140
R3 S3
1.4162
R4
Commentary
S4
1.4190
Buy Above 1.4124
1.4148
1.4090
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4082
1.4057
1.4113
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling falls against U.S. dollar and stabilizes below $1.4100 mark. The pair
made intraday high at $1.4112 and low at $1.4090 mark. A day chart is bullish but H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $1.4122 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.4090 will check further
supports.
USD
1.4078
1.4040
1.4010
1.3982
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
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
1.2132
R2 S2
1.2148
R3 S3
1.2176
R4
Commentary
S4
1.2212
Buy Above 1.2132
1.2155
1.2105
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2098
1.2075
1.2122
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally lower on Friday and jumps back above 1.21
mark. Today pair made intraday high at 1.2124 and low at 1.2102 mark. Today a day chart is
bearish while H1 chart with triple EMA suggests up trend for the time being. A sustained close
above 1.2132 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2100 on H1 chart will check key supports too.
USD /CAD
1.2100
1.2078
1.2050
1.2015
JUNE,
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
110.30
R2 S2
110.52
R3 S3
110.78
R4
Commentary
S4
110.99
Buy Above 110.32
110.57
110.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.94
109.70
110.27
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades slightly higher as household spending data meets
expectations. The pair made intraday high at 110.32 and low at 110.14 mark. The triple EMA on a
day chart as well as H1 chart suggest bullish trend for the time being. A sustained close above
110.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.80 on
H1 will check further key supports.
USD /JPY
109.80
109.62
109.40
109.15
JUNE,
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
1882
R3 S3
1889
R4
Commentary
S4
1896
Buy Above 1874
1881
1866
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1865
1858
1872
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked down tremendously in previous session and today touches
$1,856 mark in early Asian hours. Today pair made intraday high at $1,872 and low $1,856 mark.
A day chart is bullish but H1 chart with triple EMA confirms bearish trend for the time being. A
sustained close above $1,874 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,858 will check further supports. The key events will be U.S. Fed Chair Powell’s
speech as well as U.S. NFP Job data. The actual data will give further direction to the parity.
XAU [GOLD]
USD
/
1856
1848
1842
1837
JUNE,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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