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31 May 2022
Daily Analysis Report
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Asian Bulle n: Japanese yen falls in early Asia a er mixed economic results, most Asian stock markets in green, gold hovers around $1,850 mark
Key Headlines:
• New Zealand Building consents stand at -8.5 pct vs 6.2 pct previous release.
• Japan unemployment rate stands at 2.5 pct vs 2.6 pct previous release.
• Japan Prelim industrial Produc on stands at -1.3 pct vs 0.3 pct previous release.
• Japan Retail Sales stand at 2.9 pt vs 0.7 pct previous release.
• Australia Building Approvals stands at -2.4 pct vs -19.2 pct previous release.
• Australia Current account stands at 7.5B vs 13.2B previous release.
• China Manufacturing PMI stands at 49.6 vs 47.4 previous release.
• China Non Manufacturing PMI stands at 47.8 vs 41.9 previous release.
• China is using the digital yuan to s mulate consump on in its pandemic-hit economy, with more e-CNY applica ons expected in future to boost transparency and effec veness of
government policies – Reuters.
• An unusual spread of monkeypox does not mean people should shun LGBTQ+ pride parades this summer, a World Health Organiza on expert said on Monday, adding that it was
important to show support – Reuters.
• The number of monkeypox cases rose in Spain over the weekend by 22 cases to 120, the Spanish health ministry said on Monday – Reuters.
• There have been 71 addi onal cases of monkeypox iden fied in England, the UK Health Security Agency said on Monday, taking the total number of confirmed cases in the United
Kingdom as a whole since May 7 to 179 – Reuters.
• Food safety regulators in the United States and Canada are inves ga ng a Hepa s A outbreak poten ally linked to tainted organic strawberries that has sickened 17 people in the
United States and 10 in Canada, the agencies said – Reuters.
• The World Health Organiza on does not believe the monkeypox outbreak outside Africa will lead to a pandemic, an official said on Monday, adding it remains unclear if infected
people who are not displaying symptoms can transmit the disease – Reuters.
• Shanghai authori es will li the city's two-month long lockdown from midnight on Wednesday, allowing private cars including taxis back on to the roads and people to freely move
in and out of low-risk housing compounds – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) Swiss Trade balance, previous 2.99B, expected 3.50B.
• (0630 GMT/1200 IST) Swiss Retail Sales, previous -6.6, expected -1.4.
• (0645 GMT/1215 IST) France Consumer Spending, previous -1.3, expected 1.3.
• (0645 GMT/1215 IST) France Prelim CPI, previous 0.4, expected 0.5.
• (0645 GMT/1215 IST) France Prelim GDP q/q, previous 0.0, expected 0.0.
• (0700 GMT/1230 IST) Swiss GDP, previous 0.3, expected 0.3.
• (0755 GMT/1325 IST) German Unemployment Change, previous -13K, expected -16K.
• (0830 GMT/1400 IST) U.K. Mortgage Approval, previous 71K, expected 72K.
• (0900 GMT/1430 IST) Euro CPI Flash Es mate, previous 7.5, expected 7.7.
• (0900 GMT/1430 IST) Euro Core CPI Flash Es mate, previous 3.5, expected 3.5.
• (0900 GMT/1430 IST) Italy Prelim CPI, previous 0.2, expected 0.2.
• (1230 GMT/1800 IST) Canada GDP, previous 1.1, expected 0.5.
• (1300 GMT/1830 IST) U.S. HPI, previous 2.1, expected 2.0.
• (1345 GMT/1915 IST) U.S. Chicago PMI, previous 56.4, expected 55.8.
• (1400 GMT/1930 IST) U.S. Consumer Confidence, previous 107.3, expected 103.9.
Economic Events Ahead:
• (1200 GMT/1730 IST) Swiss Gov Board member Zurbrugg Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08% to 101.58 points.
3. AUD / USD
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
0.7202
R2 S2
0.7222
R3 S3
0.7250
R4
Commentary
S4
0.7278
Buy Above 0.7205
0.7240
0.7181
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7162
0.7131
0.7190
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Tuesday after Current account and building
approvals results. Today pair made intraday high at $0.7203 and low at $0.7162 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$0.7202 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7170 will
check further supports.
0.7170
0.7150
0.7121
0.7102
MAY,
2022
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0790
R2 S2
1.0826
R3 S3
1.0848
R4
Commentary
S4
1.0872
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-
Time Frame: H1
EUR/USD: The euro weakens on Tuesday ahead of Euro Zone’s Flash CPI estimates and hovers
around $1.0750 mark. The pair made intraday high at $1.0779 and low at $1.0734 mark. Today triple
EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close
above $1.0772 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0730 on H1 chart will check further supports.
EUR / USD
1.0730
1.0702
1.0682
1.0650
Buy Above 1.0772
1.0801
1.0742
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0720
1.0685
1.0755
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2650
R2 S2
1.2678
R3 S3
1.2699
R4
Commentary
S4
1.2730
Buy Above 1.2650
1.2680
1.2622
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2601
1.2570
1.2627
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note and remains well supported below $1.2650
mark. Today pair made intraday high at $1.2654 and low at $1.2597 mark.Aday chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1.2650 on H1
chart will check key resistances. Alternatively, a consistent close below $1.2600 will check further
supports.
USD
1.2600
1.2582
1.2550
1.2521
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022
6. 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
1.2690
R2 S2
1.2722
R3 S3
1.2754
R4
Commentary
S4
1.2782
Buy Above 1.2690
1.2721
1.2660
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2650
1.2621
1.2678
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD depreciates on Tuesday ahead of GDP data and stabilizes above 1.2650. Today
the pair made intraday high at 1.2684 and low at 1.2652 mark. Today a day chart is up and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above 1.2690 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2650 on H1 chart will check key
supports too.
USD /CAD
1.2650
1.2630
1.2615
1.2600
MAY,
2022
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
128.37
R2 S2
128.56
R3 S3
128.89
R4
Commentary
S4
129.12
Buy Above 128.22
128.52
127.92
– Take Profit
– Stop Loss
Trade Idea
Sell Below 127.80
127.50
128.15
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates on Tuesday after mixed economic results and stabilizes
above 128.00 mark. The pair made intraday high at 128.34 and low at 127.50 mark. The triple EMAon
a day chart and H1 chart suggest up trend for the time being. A sustained close above 128.21 on H1
chart requires for the upside rally.Alternatively, a consistent close below 127.78 on H1 chart will check
further key supports.
USD /JPY
127.78
127.30
127.05
126.80
MAY,
2022
8. 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
1856
R2 S2
1862
R3 S3
1868
R4
Commentary
S4
1874
Buy Above 1856
1862
1851
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1846
1841
1852
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement and consolidates around $1,852 mark. The
pair made intraday high at $1,857 and low at $1,846 mark. A day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1,856 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,846 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1846
1842
1836
1832
MAY,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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