DAILY ANALYSIS REPORT MAY 26 2022

1. +1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
26 May 2022
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar remains almost flat against major peers ahead of Prelim GDP q/q results, Asian stock markets mixed, gold hovers around $1,850 mark
Key Headlines:
• Swiss, Germany and France banks will be closed in observance of Ascension Day.
• Japan SPPI stands at 1.7 pct vs 1.3 pct previous release.
• Australia Private Capital Expenditure stands at -0.3 pct vs 2.3 pct previous release.
• U.S. stock index futures were largely subdued on Wednesday ahead of minutes from the Federal Reserve's May mee ng, which will likely offer clues on the path of future rate hikes
– Reuters.
• Climate ministers from the Group of Seven economic powers will this week consider commi ng to phase out pollu ng coal-fuelled energy by 2030 and decarbonise their power
sectors by 2035, according to a dra mee ng communique seen by Reuters – Reuters.
• The European Commission and EU governments are not doing enough to prevent the misuse of the bloc's money, auditors said on Monday, warning that fraudulent or corrupt
businesspeople may receive funds because too few of them are blacklisted – Reuters.
• Bank of America Corp said it was raising its U.S. minimum hourly wage to $22 on Monday, a step closer to its promise of paying workers $25 an hour by 2025 – Reuters.
• Venture capital giant Andreessen Horowitz said on Wednesday it has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised for digital currency
investments so far to more than $7.6 billion – Reuters.
• Russia will start a pilot project using its "digital" rouble with real customers and real transac ons from April 2023, its central bank said on Wednesday, adding that the project would
run ahead of the ini al schedule – Reuters.
• Spain will buy monkeypox vaccine, the health minister said on Wednesday, as the number of cases in the country reached 55 – Reuters.
• A mul -billion dollar fund set up by G20 countries to help developing countries be er prepare for pandemics could be opera onal within months, according to the World Bank –
Reuters.
Key Economic Indicators Ahead:
• (1230 GMT/1800 IST) U.S. Prelim GDP, previous -1.4, expected -1.3.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 218K, expected 217K.
• (1230 GMT/1800 IST) Canada Retail Sales, previous 0.1, expected 1.5.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous 2.1, expected 2.2.
• (1400 GMT/1930 IST) U.S. Pending Home Sales, previous -1.2, expected -1.9.
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 0.07% to 101.99 points.

3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
0.7115
R2 S2
0.7154
R3 S3
0.7176
R4
Commentary
S4
0.7199
Buy Above 0.7115
0.7150
0.7078
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7070
0.7038
0.7099
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie depreciates on Thursday as Private Capital Expenditure Data misses
expectations. Today pair made intraday high at $0.7107 and low at $0.7074 mark.Aday chart and H1
chart with triple EMA suggest down trend for the time being. A sustained close above $0.7115 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7072 will check further
supports.
0.7072
0.7040
0.7012
0.7001
MAY,
2022

4. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0715
R2 S2
1.0754
R3 S3
1.0792
R4
Commentary
S4
1.0822
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro moves in rigid boundaries as most European banks will be closed in observance
ofAscension Day. The pair made intraday high at $1.0706 and low at $1.0672 mark. Today triple EMA
on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above
$1.0715 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0680 on
H1 chart will check further supports.
EUR / USD
1.0680
1.0654
1.0622
1.0600
Buy Above 1.0715
1.0750
1.0682
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0671
1.0640
1.0698
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2022

5. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2605
R2 S2
1.2622
R3 S3
1.2652
R4
Commentary
S4
1.2678
Buy Above 1.2612
1.2650
1.2578
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2570
1.2530
1.2599
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades flat on Thursday and hovers around $1.2600 mark. Today pair made
intraday high at $1.2612 and low at $1.2563 mark. A day chart is down and H1 chart with triple EMA
suggests up trend for the time being. A sustained close above $1.2605 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.2552 will check further supports.
USD
1.2552
1.2527
1.2512
1.2500
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022

6. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1.2850
R2 S2
1.2872
R3 S3
1.2899
R4
Commentary
S4
1.2930
Buy Above 1.2840
1.2875
1.2810
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2800
1.2772
1.2830
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD remains slightly volatile on Thursday ahead of Canada’s Retail sales data.
Today the pair made intraday high at 1.2837 and low at 1.2801 mark. Today a day chart and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above 1.2850 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2800 on H1 chart will check key
supports too.
USD /CAD
1.2800
1.2765
1.2750
1.2722
MAY,
2022

7. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
127.62
R2 S2
127.99
R3 S3
128.26
R4
Commentary
S4
128.50
Buy Above 127.65
127.90
127.30
– Take Profit
– Stop Loss
Trade Idea
Sell Below 127.15
126.85
127.50
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Thursday despite robust SPPI (Services
Producer Price Index) data and hovers around 127.50 mark. The pair made intraday high at 127.58
and low at 127.11 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time
being. A sustained close above 127.62 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 127.15 on H1 chart will check further key supports.
USD /JPY
126.90
126.40
126.12
126.00
MAY,
2022

8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1858
R2 S2
1864
R3 S3
1870
R4
Commentary
S4
1876
Buy Above 1854
1860
1848
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1846
1838
1852
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades almost flat on Thursday and stabilizes around $1,850 mark. Today
pair made intraday high at $1,854 and low at $1,848 mark. A day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $1,858 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,848 on H1 chart will test further supports. Later
today, U.S. Prelim GDPq/q and Pending Home Sales data will provide further directions to the parity.
XAU [GOLD]
USD
/
1848
1852
1848
1842
MAY,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note