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DAILY ANALYSIS REPORT JUNE 02 2021

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+1 7754 366 970
analysis@tpglobalfx.com
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02 June, 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie weakens despite higher than expected GDP data, Asian stock m...
AUD / USD
BUY SELL
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JUNE,
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Technical Summary
Trends Up Trend
Moving Average (...
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DAILY ANALYSIS REPORT JUNE 02 2021

  1. 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 02 June, 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie weakens despite higher than expected GDP data, Asian stock markets mixed, gold stabilizes below $1,900 mark Key Headlines: • New Zealand overseas trade index stands at 0.1 pct vs 1.3 pct previous release. • U.K. BRC shop price index stands at -0.6 pct vs -1.3 pct previous release. • Japan monetary base stands at 22.4 pct vs 24.3 pct previous release. • Australia GDP q/q stands at 1.8 pct vs 3.2 pct previous release. • South Korea CPI y/y stands at 2.6 pct vs 2.3 pct previous release. • BOJ's Board Member Adachi - BOJ must ease further without hesita on if external shock puts huge downward pressure on economy. • BOJ's Board Member Adachi - BOJ needs to build an economic climate that makes for certain price increases. • BOJ’s Board Member Adachi - BOJ wants to create economic environment where society allows for some degree of price hikes. Economic Data Ahead: • (0645 GMT/1215 IST) France budget balance, previous -60.1B. • (0700 GMT/1230 IST) Spain unemployment change, previous -39.0K, expected -115.2K. • (0830 GMT/1400 IST) U.K. Mortgage approvals, previous 83K, expected 80K. • (0900 GMT/1430 IST) Euro PPI, previous 1.1, expected 0.9. • (1230 GMT/1800 IST) Canada Building permits, previous 5.7 pct, expected -5.2 pct. Economic Events Ahead: • (0900 GMT/1430 IST) RBA Deputy Gov Debelle Speaks. • (1800 GMT/2330 IST) U.S. Beige book. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.05% to 89.88 points.
  3. 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 0.7772 R2 S2 0.7790 R3 S3 0.7826 R4 Commentary S4 0.7854 Buy Above 0.7772 0.7795 0.7747 – Take Profit – Stop Loss Trade Idea Sell Below 0.7740 0.7712 0.7765 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie enjoys roller coaster movement after RBA’s Cash Rate Decision released yesterday. The pair made intraday high at $0.7773 and low at $0.7745 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $0.7770 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check further supports. 0.7740 0.7720 0.7677 0.7638
  4. 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 1.2232 R2 S2 1.2258 R3 S3 1.2290 R4 Commentary S4 1.2323 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro remains almost unchanged against U.S. dollar and stabilizes above $1.2200 mark. Today pair made intraday high at $1.2226 and low at $1.2211. Today triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A consistent close above $1.2232 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2212 on H1 chart will check further supports. EUR / USD 1.2205 1.2176 1.2132 1.2100 Buy Above 1.2238 1.2270 1.2210 – Take Profit – Stop Loss Trade Idea Sell Below 1.2205 1.2172 1.2233 – 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. 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 1.4190 R2 S2 1.4217 R3 S3 1.4250 R4 Commentary S4 1.4282 Buy Above 1.4170 1.4198 1.4142 – Take Profit – Stop Loss Trade Idea Sell Below 1.4135 1.4105 1.4167 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The Sterling erases previous gain against U.S. dollar and slips back below $1.4200 mark. The pair made intraday high at $1.4164 and low at $1.4143 mark. A day chart is bullish but H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.4178 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4138 will check further supports. USD 1.4138 1.4115 1.4080 1.4047 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 JUNE, 2 021
  6. 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 1.2076 R2 S2 1.2090 R3 S3 1.2126 R4 Commentary S4 1.2154 Buy Above 1.2080 1.2106 1.2057 – Take Profit – Stop Loss Trade Idea Sell Below 1.2039 1.2017 1.2068 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar remained highly volatile in previous session after Canada’s GDP and manufacturing data released with flat to positive numbers. Today pair made intraday high at 1.2076 and low at 1.2056 mark. Today a day is down but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close above 1.2076 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2050 on H1 chart will check key supports too. USD /CAD 1.2050 1.2022 1.2000 1.1973 JUNE, 2 021
  7. 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 109.76 R2 S2 110.22 R3 S3 110.52 R4 Commentary S4 110.76 Buy Above 109.71 110.02 109.38 – Take Profit – Stop Loss Trade Idea Sell Below 109.32 109.02 109.65 – 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 Wednesday and stabilizes around 109.50 mark. The pair made intraday high at 109.65 and low at 109.38 mark. The triple EMA on a day chart is up but H1 chart suggest slightly bearish trend for the time being. A sustained close above 109.76 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.38 on H1 will check further key supports. USD /JPY 109.38 108.82 108.60 108.36 JUNE, 2 021
  8. 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1907 R2 S2 1912 R3 S3 1919 R4 Commentary S4 1924 Buy Above 1904 1909 1898 – Take Profit – Stop Loss Trade Idea Sell Below 1891 1885 1899 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold weakens on Wednesday as U.S. released ISM manufacturing PMI data with strong numbers. Today U.S. calendar is almost empty except few speeches from FOMC members are scheduled. Today pair made intraday high at $1,902 and low $1,895 mark. A day chart is up but H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,904 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,895 will check further supports. XAU [GOLD] USD / 1891 1886 1880 1876 JUNE, 2 021
  9. 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

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