DAILY ANALYSIS REPORT MAY 27 2021

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27 May, 2021
Daily Analysis Report

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Asian Bulle n: Aussie remains vola le a er robust economic indicators, Asian stock markets mixed, gold back below $1,900 mark
Key Headlines:
• South Korea keeps interest rate unchanged at 0.5 pct.
• Australia building capital expenditure stands at 3.8 pct vs 0.7 pct previous release.
• Australia Machinery Capital Expenditure stands at 9.1 pct vs 5.7 pct previous release.
• Australia Private New Capital Expenditure stands at 6.3 pct vs 3.0 pct previous release.
• Chinese Industrial Profit y/y stands at 57.00 pct vs 92.30 pct previous release.
• RBNZ Gov Orr - The Reserve Bank of New Zealand is willing to lower interest rates if necessary.
• RBNZ Gov Orr - Rates may rise next year if things evolve as expected.
• RBNZ Gov Orr - In the second half of the year, house price growth is to slow significantly.
• RBNZ Gov Orr - Ongoing s mulus is needed to meet policy goals.
• Commerce Minister - Chinese Vice Premier Liu held phone talks with U.S. Trade Representa ve Katherine Tai on Thursday, during which the two conducted
candid, pragma c and construc ve exchanges in an a tude of equality and mutual respect.
Economic Data Ahead:
• (0600 GMT/1130 IST) Swiss Trade balance, previous 5.82B, expected 4.85B.
• (0600 GMT/1130 IST) German GFK Consumer Climate, Previous -8.8, expected -5.3.
• (1230 GMT/1800 IST) U.S. Prelim GDP, previous 6.4, expected 6.5.
• (1230 GMT/1800 IST) U.S. Unemployment claims weekly, previous 444K, expected 427K.
• (1230 GMT/1800 IST) U.S. Durable goods orders, previous 0.8, expected 0.8.
• (1230 GMT/1800 IST) U.S. Core Durable goods orders, previous 1.9, expected 0.8.
• (1400 GMT/1930 IST) U.S. Pending Home Sales, previous 1.9, expected 0.6.
Economic Events Ahead:
• (1200 GMT/1730 IST) German Buba President Weidmann Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 90.07 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
0.7750
R2 S2
0.7772
R3 S3
0.7790
R4
Commentary
S4
0.7837
Buy Above 0.7750
0.7772
0.7728
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7720
0.7697
0.7746
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie erases previous gain against U.S. dollar and parity slips back below
$0.7750 mark. Even Australia’s robust economic data released in early Asian hours fails to bring
support to the AUD parity. The pair made intraday high at $0.7744 and low at $0.7723 mark. A day
chart is bullish while H1 chart with triple EMA confirms bearish trend for the time being. A
sustained close above $0.7750 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 depreciated sharply in previous session and slips back below $1.2200 mark.
The parity fails to break key resistance at $1.2262 mark. Today pair made intraday high at
$1.2196 and low at $1.2175. 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 $1.2164 on H1 chart will check further supports.
EUR / USD
1.2164
1.2132
1.2100
1.2072
Buy Above 1.2205
1.2232
1.2175
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2165
1.2138
1.2195
– 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
1.4132
R2 S2
1.4158
R3 S3
1.4180
R4
Commentary
S4
1.4211
Buy Above 1.4132
1.4157
1.4100
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4090
1.4057
1.4124
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades almost flat on Thursday and stabilizes above key support at
$1.4090 mark. The pair made intraday high at $1.4125 and low at $1.4090 mark. A day chart is
up but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close
above $1.4132 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.4090 will check further supports.
USD
1.4090
1.4064
1.4040
1.4001
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2140
R2 S2
1.2172
R3 S3
1.2204
R4
Commentary
S4
1.2241
Buy Above 1.2140
1.2165
1.2110
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2101
1.2072
1.2128
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar depreciates on Thursday and jumps back above 1.2100 mark.
Today pair made intraday high at 1.2142 and low at 1.2113 mark. Today a day chart is bearish but
H1 chart with Triple EMA confirms up trend for the time being. A sustained close above 1.2140 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
1.2073
1.2042
1.2015
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
110.02
Buy Above 109.30
109.57
108.93
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.88
108.57
109.20
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher on Thursday and hovers around 109.00
mark. The pair made intraday high at 109.20 and low at 109.04 mark. The triple EMA on a day
chart and H1 chart suggest bullish trend for the time being. A sustained close above 109.30 on H1
chart requires for the upside rally. Alternatively, a consistent close below 108.58 on H1 will check
further key supports.
USD /JPY
108.58
108.40
108.15
107.87
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
1902
R2 S2
1909
R3 S3
1916
R4
Commentary
S4
1922
Buy Above 1902
1909
1894
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1892
1886
1900
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained volatile in previous session and moved in between $1,912 to
$1,890 mark. Today pair made intraday high at $1,899 and low $1,892 mark. A day chart and H1
chart with triple EMA confirm the bullish trend for the time being. A sustained close above $1,902
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,892 will check
further supports.
XAU [GOLD]
USD
/
1892
1887
1881
1876
MAY,
2
021

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