DAILY ANALYSIS REPORT MAY 17 2022

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17 May 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar fell sharply against major peers as U.S. Empire State Manufacturing Index data missed expecta ons, Asian stock markets in green, gold back above $1,820 mark, U.S.
Fed Chair Powell’s Speech will remain in focus
Key Headlines:
• U.S. TIC Long Term Purchases stand at 23.1B vs 141.7B previous release.
• Russia ran a current account surplus of $95.8 billion in the first four months of 2022, up from $27.5 billion in the same period last year, central bank data showed on Monday –
Reuters.
• Romania's finance ministry sold more than planned 365.8 million lei ($77.17 million) worth of June 2026 treasury bonds on Monday at an average accepted yield of 8.02%, central
bank data showed – Reuters.
• Goldman Sachs Group Inc has doubled its diversity recrui ng team and increased its budget by $10 million to help meet its goals to add more women, Blacks and La nos to its
workforce, Chief Diversity Officer Megan Hogan told Reuters on Friday – Reuters.
• U.S. stock index futures fell on Monday as downbeat data out of China stoked fresh concerns about a global economic slowdown at a me when investors are already on edge over
aggressive policy ghtening by the Federal Reserve – Reuters.
• Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said on Monday, as Western
companies rush to comply with sanc ons over the Ukraine conflict – Reuters.
• Israel's economy contracted in the first quarter a er a robust 2021, led by declines in exports and in consumer and government spending, the Central Bureau of Sta s cs said on
Monday – Reuters.
• Annual Irish residen al property price growth hit a fresh seven-year high of 15.2% in March, up from 15.1% a month earlier, Central Sta s cs Office data showed on Monday –
Reuters.
• Germany will oppose European Union plans to include nuclear energy as a sustainable investment in its "taxonomy" policy for labelling green investments, the government said on
Monday – Reuters.
• Earlier today, Shanghai set out plans for the end of its COVID-19 lockdown that has lasted more than six weeks, heavily bruising China's economy. The end date for lockdown is June
the 1st - Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. Claimant Count Change, previous -46.9K, expected -42.3K.
• (0600 GMT/1130 IST) U.K. Unemployment Rate, previous 3.8, expected 3.8.
• (0800 GMT/1330 IST) Italy Trade balance, previous -1.66B, expected 0.79B.
• (0900 GMT/1430 IST) Euro Flash Employment Change, previous 0.5, expected 0.5.
• (0900 GMT/1430 IST) Euro Flash GDP, previous 0.2, expected 0.2.
• (1230 GMT/1800 IST) U.S. Retail Sales, previous 0.5, expected 1.0.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 1.1, expected 0.4.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous 0.9, expected 0.4.
• (1400 GMT/1930 IST) U.S. NAHB Housing Market Index, previous 77, expected 75.
Economic Events Ahead:
• (1200 GMT/1730 IST) U.S. FOMC Member Bullard Speaks.
• (1800 GMT/2330 IST) U.S. Fed Chair Powell Speaks. (Due to speak about INFLATION at Wall Street Journal's Future of Everything Fes val, in New York. Audience ques ons expected)
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 104.19 points.

3. AUD / USD
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
0.7022
R2 S2
0.7048
R3 S3
0.7076
R4
Commentary
S4
0.7099
Buy Above 0.7022
0.7060
0.6996
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6970
0.6930
0.6999
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie recovers sharply from previous losses after RBA’s Monetary Policy Meeting
Minutes and trading around $0.7000 mark. Today pair made intraday high at $0.7011 and low at
$0.6966 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.A
sustained close above $0.7022 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.6970 will check further supports.
0.6970
0.6952
0.6926
0.6902
MAY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0462
R2 S2
1.0478
R3 S3
1.0512
R4
Commentary
S4
1.0540
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-
Time Frame: H1
EUR/USD: The euro trades marginally higher on Tuesday and hovers around $1.0440 mark ahead of
Euro Zone’s flash GDP data. The pair made intraday high at $1.0454 and low at $1.0428 mark. Today
triple EMAon a day chart is down and H1 chart suggests up trend for the time being.Aconsistent close
above $1.0462 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0430 on H1 chart will check further supports.
EUR / USD
1.0430
1.0396
1.0372
1.0350
Buy Above 1.0462
1.0485
1.0430
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0422
1.0394
1.0450
– 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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2350
R2 S2
1.2382
R3 S3
1.2415
R4
Commentary
S4
1.2440
Buy Above 1.2355
1.2391
1.2310
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2310
1.2268
1.2338
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling erases previous loss against U.S. dollar and stabilizes back above $1.2300
mark ahead of U.K.’s Claimant Count Change data. Today pair made intraday high at $1.2344 and
low at $1.2315 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time
being. A sustained close above $1.2350 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.2310 will check further supports.
USD
1.2310
1.2282
1.2255
1.2212
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2022

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
1.2862
R2 S2
1.2899
R3 S3
1.2930
R4
Commentary
S4
1.2955
Buy Above 1.2850
1.2878
1.2815
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2815
1.2775
1.2840
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD remains volatile on Tuesday and hovers around 1.2835 mark. Today the pair
made intraday high at 1.2853 and low at 1.2818 mark. Today a day chart is up and H1 chart with triple
EMAsuggests down trend for the time being.Asustained close above 1.2862 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2820 on H1 chart will check key supports too.
USD /CAD
1.2820
1.2790
1.2754
1.2722
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
129.48
R2 S2
129.64
R3 S3
129.96
R4
Commentary
S4
130.26
Buy Above 129.55
129.92
129.11
– Take Profit
– Stop Loss
Trade Idea
Sell Below 129.02
128.71
129.25
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen continues to trade lower on Tuesday and remains well supported above
129.00 mark. The pair made intraday high at 129.39 and low at 128.82 mark. The triple EMAon a day
chart and H1 chart suggest up trend for the time being. A sustained close above 129.48 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 128.88 on H1 chart will check
further key supports.
USD /JPY
128.88
128.60
128.24
128.01
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
1832
R2 S2
1838
R3 S3
1842
R4
Commentary
S4
1848
Buy Above 1830
1837
1824
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1820
1814
1826
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked up sharply in previous session as U.S. released Empire State
Manufacturing Index data with Negative Numbers. Today pair made intraday high at $1,829 and low
at $1,821 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.
A sustained close above $1,828 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,818 on H1 chart will test further supports. U.S. retail sales and industrial production
data will remain in focus.
XAU [GOLD]
USD
/
1818
1812
1806
1801
MAY,
2022

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