DAILY ANALYSIS REPORT MAY 23 2022

+1 7754 366 970
analysis@tpglobalfx.com
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23 May 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: U.S. dollar trades marginally lower against major peers, most Asian stock markets in red, gold stabilizes above $1,850 mark
Key Headlines:
• Canadian banks will be closed in observance of Victoria Day.
• U.K. Rightmove HPI stands at 2.1 pct vs 1.6 pct previous release.
• Shanghai's lockdown and curbs in other ci es have ba ered consump on and industrial output in China – Reuters.
• Austria's first case of monkeypox has been confirmed, Vienna's health authority said on Sunday a er repor ng the case as suspected – Reuters.
• White House COVID-19 response coordinator Dr. Ashish Jha said on Sunday he expects a U.S. Food and Drug Administra on decision on authorizing Moderna's vaccine for children
under age five within the next few weeks – Reuters.
• Austria's first suspected case of monkeypox has been reported in Vienna, a 35-year-old man who was taken to hospital overnight, na onal broadcaster ORF said on Sunday, ci ng a
spokesman for the city's top health official – Reuters.
• The World Health Organiza on said it expects to iden fy more cases of monkeypox as it expands surveillance in countries where the disease is not typically found – Reuters.
• The monkeypox outbreak is something "everybody should be concerned about," U.S. President Joe Biden said on Sunday, adding that U.S. health officials are looking into possible
treatments and vaccines – Reuters.
• For the first me in nearly 10 days North Korea's daily "fever" cases dropped below 200,000, state media said on Sunday, repor ng "a posi ve trend" a er measures were taken to
control the country's first acknowledged COVID-19 outbreak – Reuters.
• Norway has begun searching for possible cases of monkeypox in the capital Oslo, the country's Ins tute of Public Health (FHI) said on Saturday – Reuters.
• Israel on Saturday reported its first confirmed case of monkeypox, which officials expected would be contained – Reuters.
• House prices soared by 'record-breaking' £55,000 since the pandemic began as average now stands at £367,501 - following a £7,400 jump in one month alone – sources.
• RBA’s Assistant Gov Kent: From QE to QT – The next phase in the Reserve Bank's Bond Purchase Program.
• RBA’s Assistant Gov Kent: Policy is currently quite s mulatory.
• RBA’s Assistant Gov Kent - Stagfla on isn't a major issue right now.
• RBA’s Assistant Gov Kent - RBA's neutral rate is es mated to be between 2-3% based on model es ma ons.
• RBA’s Assistant Gov Kent: Households should be able to cope with higher rates.
• Saudi Arabia signals commitment to Russia as Opec+ partner – Sources.
Key Economic Indicators Ahead:
• (0800 GMT/1330 IST) German IFO Business Climate, previous 91.8, expected 91.5.
• (1300 GMT/1830 IST) Euro Beigian NBB Business Climate.
Economic Events Ahead:
• All Day – Eurogroup Mee ngs.
• (1100 GMT/1630 IST) German Buba Monthly Report.
• (1615 GMT/2145 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 down 0.45% to 102.69 points.

AUD / USD
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
0.7102
R2 S2
0.7122
R3 S3
0.7154
R4
Commentary
S4
0.7176
Buy Above 0.7102
0.7137
0.7076
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7060
0.7030
0.7090
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie appreciates on Monday and hits fresh 10 – day high at $0.7095 mark. Today
pair made intraday high at $0.7095 and low at $0.7040 mark. A day chart is down and H1 chart with
triple EMAsuggest up trend for the time being.Asustained close above $0.7102 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.7060 will check further supports.
0.7060
0.7022
0.7001
0.6978
MAY,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0612
R2 S2
1.0648
R3 S3
1.0672
R4
Commentary
S4
1.0699
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The euro trades marginally higher on Monday ahead of German IFO Business Climate
data and hovers around $1.0600 mark. The pair made intraday high at $1.0594 and low at $1.0556
mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A
consistent close above $1.0605 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0565 on H1 chart will check further supports.
EUR / USD
1.0550
1.0515
1.0490
1.0465
Buy Above 1.0608
1.0635
1.0581
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0565
1.0532
1.0590
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
MAY,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2550
R2 S2
1.2578
R3 S3
1.2599
R4
Commentary
S4
1.2618
Buy Above 1.2550
1.2580
1.2522
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2502
1.2470
1.2532
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
GBP/USD: The sterling starts a new day on a positive note and remains well supported above
$1.2500 mark. Today air made intraday high at $1.2549 and low at $1.2473 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1.2550 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2502 will
check further supports.
USD
1.2502
1.2472
1.2450
1.2412
GBP/
Trends Up Trend
MAY,
2022

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
1.2822
R2 S2
1.2855
R3 S3
1.2872
R4
Commentary
S4
1.2899
Buy Above 1.2820
1.2860
1.2780
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2789
1.2760
1.2820
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD:The CAD appreciates on Monday and stabilizes around 1.2800 mark. Canadian banks will
be closed in observance of Victoria Day. Today the pair made intraday high at 1.2842 and low at
1.2791 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time
being. A sustained close above 1.2815 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2790 on H1 chart will check key supports too.
USD /CAD
1.2790
1.2754
1.2722
1.2701
MAY,
2022

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
128.22
R2 S2
128.50
R3 S3
128.79
R4
Commentary
S4
129.00
Buy Above 127.95
128.30
127.60
– Take Profit
– Stop Loss
Trade Idea
Sell Below 127.10
126.65
127.40
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen starts a new day on a positive note and slips back below 128.00 mark.
The pair made intraday high at 128.05 and low at 127.15 mark. The triple EMAon a day chart is up and
H1 chart suggests down trend for the time being.Asustained close above 127.95 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 127.20 on H1 chart will check further key
supports.
USD /JPY
126.88
126.50
126.22
126.01
MAY,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1858
R2 S2
1864
R3 S3
1870
R4
Commentary
S4
1876
Buy Above 1858
1865
1851
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1844
1835
1851
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold rises on Monday and jumps back above $1,850 mark. Today pair made
intraday high at $1,855 and low at $1,843 mark. A day chart is down and H1 chart with triple EMA
suggests up trend for the time being. A sustained close above $1,858 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1,842 on H1 chart will test further supports. U.S.
calendar will remain light for the day.
XAU [GOLD]
USD
/
1842
1836
1832
1827
MAY,
2022

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT MAY 23 2022

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DAILY ANALYSIS REPORT MAY 23 2022