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DAILY ANALYSIS REPORT MAY 16 2022

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DAILY ANALYSIS REPORT MAY 16 2022

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16 May 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie falls sharply in Asian hours on lower than expected China’s Key Economic results, Asian stock markets mixed, gold hovers around $1,810 mark
Key Headlines:
• New Zealand Business Services Index stands at 51.4 vs 51.5 previous release.
• Japan PPI stands at 10.00 vs 9.7 pct previous release.
• China Retail Sales stand at -11.1 vs -3.5 previous release.
• China Fixed Asset Investment stands at 6.8 pct vs 9.3 pct previous release.
• China Industrial produc on stands at -2.9 pct vs 5.0 pct previous release.
• China Unemployment rate stands at 6.1 vs 5.8 previous release.
• North Korea said 42 people had died as the country began its fourth day under a lockdown aimed at stopping its first confirmed COVID-19 outbreak – Reuters.
• Two more cases of rare viral monkeypox infec on have been diagnosed in England, health authori es said on Saturday, adding that they are not linked to one reported a week ago –
Reuters.
• North Korean leader Kim Jong Un said on Saturday the spread of COVID-19 had thrust his country into "great turmoil" and called for an all-out ba le to overcome the outbreak, as 21
daily deaths were reported among people with fever – Reuters.
• Pfizer Inc and its German partner BioNTech SE said on Friday they had agreed to push back deliveries of their COVID-19 vaccines to the European Union by three months as the bloc
prepares for a poten al booster campaign in the fall – Reuters.
• The U.S. Food & Drug Administra on said on Friday it had approved Eli Lilly's injected drug rzepa de, which has the brand name Mounjaro, to help improve blood sugar control in
adults with type 2 diabetes – Reuters.
• China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a fourth straight month on Monday, matching market
expecta ons – Reuters.
• Federal Reserve chairman Powell - A er more than a decade of chained s mulus packages and extremely low rates, with trillions of dollars of monetary s mulus fuelling elevated
asset valua ons and incen vising an enormous leveraged bet on risk, the idea of a controlled explosion or a “so landing” is impossible.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German WPI, previous 6.9, expected 4.2.
• (0600 GMT/1130 IST) Japan Prelim Machine Tool Orders, previous 6.9, expected 4.2.
• (0900 GMT/1430 IST) EU Trade Balance, previous -9.4B, expected 2.3B.
• (1215 GMT/1745 IST) Canada Housing Starts, previous 246K, expected 250K.
• (1230 GMT/1800 IST) Canada Manufacturing Sales, previous 4.2, expected 2.1.
• (1230 GMT/1800 IST) U.S. Empire State Manufacturing Index, previous 24.3, expected 15.3.
Economic Events Ahead:
• (0900 GMT/1430 IST) EU Economic Forecasts.
• (1415 GMT/1945 IST) U.K. Monetary Policy Report Hearings.
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 104.60 points.
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
0.6972
R2 S2
0.6999
R3 S3
0.7022
R4
Commentary
S4
0.7048
Buy Above 0.6912
0.6948
0.6880
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6858
0.6810
0.6895
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie falls sharply on Monday after lower than expected China’s Economic Results
and remains well supported below $0.6900 mark. Today pair made intraday high at $0.6960 and low
at $0.6872 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time
being. A sustained close above $0.6950 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.6855 will check further supports.
0.6850
0.6818
0.6796
0.6765
MAY,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0427
R2 S2
1.0455
R3 S3
1.0478
R4
Commentary
S4
1.0512
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro trades flat on Monday ahead of EU’s Economic Forecasts and trade balance
data. The pair made intraday high at $1.0417 and low at $1.0398 mark. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0427 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.0370 on H1 chart will
check further supports.
EUR / USD
1.0370
1.0355
1.0321
1.0301
Buy Above 1.0421
1.0451
1.0391
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0378
1.0350
1.0398
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2270
R2 S2
1.2299
R3 S3
1.2318
R4
Commentary
S4
1.2350
Buy Above 1.2267
1.2302
1.2228
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2222
1.2189
1.2251
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling remains slightly volatile on Monday ahead of U.K.’s Monetary Policy Report
Hearings data. Today pair made intraday high at $1.2296 and low at $1.2233 mark. A day chart and
H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2270
on H1 chart will check key resistances. Alternatively, a consistent close below $1.2222 will check
further supports.
USD
1.2222
1.2201
1.2178
1.2152
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022
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
1.2981
R2 S2
1.3015
R3 S3
1.3055
R4
Commentary
S4
1.3090
Buy Above 1.2989
1.3022
1.2960
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2940
1.2905
1.2976
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD depreciates on Monday ahead of Housing starts and Manufacturing Sales
results. Today the pair made intraday high at 1.2981 and low at 1.2894 mark. Today a day chart is up
and H1 chart with triple EMAsuggests down trend for the time being.Asustained close above 1.2978
on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2897 on H1 chart will
check key supports too.
USD /CAD
1.2890
1.2865
1.2840
1.2811
MAY,
2022

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DAILY ANALYSIS REPORT MAY 16 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 16 May 2022 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie falls sharply in Asian hours on lower than expected China’s Key Economic results, Asian stock markets mixed, gold hovers around $1,810 mark Key Headlines: • New Zealand Business Services Index stands at 51.4 vs 51.5 previous release. • Japan PPI stands at 10.00 vs 9.7 pct previous release. • China Retail Sales stand at -11.1 vs -3.5 previous release. • China Fixed Asset Investment stands at 6.8 pct vs 9.3 pct previous release. • China Industrial produc on stands at -2.9 pct vs 5.0 pct previous release. • China Unemployment rate stands at 6.1 vs 5.8 previous release. • North Korea said 42 people had died as the country began its fourth day under a lockdown aimed at stopping its first confirmed COVID-19 outbreak – Reuters. • Two more cases of rare viral monkeypox infec on have been diagnosed in England, health authori es said on Saturday, adding that they are not linked to one reported a week ago – Reuters. • North Korean leader Kim Jong Un said on Saturday the spread of COVID-19 had thrust his country into "great turmoil" and called for an all-out ba le to overcome the outbreak, as 21 daily deaths were reported among people with fever – Reuters. • Pfizer Inc and its German partner BioNTech SE said on Friday they had agreed to push back deliveries of their COVID-19 vaccines to the European Union by three months as the bloc prepares for a poten al booster campaign in the fall – Reuters. • The U.S. Food & Drug Administra on said on Friday it had approved Eli Lilly's injected drug rzepa de, which has the brand name Mounjaro, to help improve blood sugar control in adults with type 2 diabetes – Reuters. • China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a fourth straight month on Monday, matching market expecta ons – Reuters. • Federal Reserve chairman Powell - A er more than a decade of chained s mulus packages and extremely low rates, with trillions of dollars of monetary s mulus fuelling elevated asset valua ons and incen vising an enormous leveraged bet on risk, the idea of a controlled explosion or a “so landing” is impossible. Key Economic Indicators Ahead: • (0600 GMT/1130 IST) German WPI, previous 6.9, expected 4.2. • (0600 GMT/1130 IST) Japan Prelim Machine Tool Orders, previous 6.9, expected 4.2. • (0900 GMT/1430 IST) EU Trade Balance, previous -9.4B, expected 2.3B. • (1215 GMT/1745 IST) Canada Housing Starts, previous 246K, expected 250K. • (1230 GMT/1800 IST) Canada Manufacturing Sales, previous 4.2, expected 2.1. • (1230 GMT/1800 IST) U.S. Empire State Manufacturing Index, previous 24.3, expected 15.3. Economic Events Ahead: • (0900 GMT/1430 IST) EU Economic Forecasts. • (1415 GMT/1945 IST) U.K. Monetary Policy Report Hearings. 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 104.60 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 Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 0.6972 R2 S2 0.6999 R3 S3 0.7022 R4 Commentary S4 0.7048 Buy Above 0.6912 0.6948 0.6880 – Take Profit – Stop Loss Trade Idea Sell Below 0.6858 0.6810 0.6895 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie falls sharply on Monday after lower than expected China’s Economic Results and remains well supported below $0.6900 mark. Today pair made intraday high at $0.6960 and low at $0.6872 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.6950 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6855 will check further supports. 0.6850 0.6818 0.6796 0.6765 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 1.0427 R2 S2 1.0455 R3 S3 1.0478 R4 Commentary S4 1.0512 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades flat on Monday ahead of EU’s Economic Forecasts and trade balance data. The pair made intraday high at $1.0417 and low at $1.0398 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0427 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0370 on H1 chart will check further supports. EUR / USD 1.0370 1.0355 1.0321 1.0301 Buy Above 1.0421 1.0451 1.0391 – Take Profit – Stop Loss Trade Idea Sell Below 1.0378 1.0350 1.0398 – 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 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 1.2270 R2 S2 1.2299 R3 S3 1.2318 R4 Commentary S4 1.2350 Buy Above 1.2267 1.2302 1.2228 – Take Profit – Stop Loss Trade Idea Sell Below 1.2222 1.2189 1.2251 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling remains slightly volatile on Monday ahead of U.K.’s Monetary Policy Report Hearings data. Today pair made intraday high at $1.2296 and low at $1.2233 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2270 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2222 will check further supports. USD 1.2222 1.2201 1.2178 1.2152 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 Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2981 R2 S2 1.3015 R3 S3 1.3055 R4 Commentary S4 1.3090 Buy Above 1.2989 1.3022 1.2960 – Take Profit – Stop Loss Trade Idea Sell Below 1.2940 1.2905 1.2976 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD depreciates on Monday ahead of Housing starts and Manufacturing Sales results. Today the pair made intraday high at 1.2981 and low at 1.2894 mark. Today a day chart is up and H1 chart with triple EMAsuggests down trend for the time being.Asustained close above 1.2978 on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2897 on H1 chart will check key supports too. USD /CAD 1.2890 1.2865 1.2840 1.2811 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 Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 129.64 R2 S2 129.87 R3 S3 130.24 R4 Commentary S4 130.56 Buy Above 129.64 129.99 129.25 – Take Profit – Stop Loss Trade Idea Sell Below 128.70 128.30 129.00 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen starts a new day on a higher note on robust PPI data and stabilizes below 129.00 mark. The pair made intraday high at 129.64 and low at 128.69 mark. The triple EMAon a day chart is up and H1 chart suggests down trend for the time being.Asustained close above 129.48 on H1 chart requires for the upside rally.Alternatively, a consistent close below 128.60 on H1 chart will check further key supports. USD /JPY 128.60 128.24 128.01 127.77 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 Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1818 R2 S2 1824 R3 S3 1828 R4 Commentary S4 1832 Buy Above 1815 1821 1808 – Take Profit – Stop Loss Trade Idea Sell Below 1804 1797 1811 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold starts a new week on a lower note and stabilizes below $1,810 mark. Today pair made intraday high at $1,817 and low at $1,807 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,818 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,801 on H1 chart will test further supports. U.S. Empire State Manufacturing Index data will remain in focus. XAU [GOLD] USD / 1801 1796 1791 1786 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