DAILY ANALYSIS REPORT MAY 25 2021

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25 May, 2021
Daily Analysis Report

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Asian Bulle n: Aussie strengthens sharply on robust trade balance data, Asian stock markets in green, gold stabilizes above $1,872 mark
Key Headlines:
• Australia goods trade balance stands at 10.14B vs 8.23B previous release.
• South Korea Consumer Confidence stands at 105.2 vs 102.2 previous release.
• Singapore GDP q/q stands at 13.1 vs 2.0 pct previous release.
• Singapore GDP y/y stands at 1.3 pct vs 0.2 pct previous release.
• PBoC - Policymakers see no need to strengthen the yuan to tame rising imported infla on.
• Japan is going to begin a 3 - day quaran ne rule for travellers from the U.K. and also imposes stricter entry rules on 3 addi onal countries.
• Fed's Bos c - Pandemic lasted longer than expected; Fed s ll asking how long pandemic to last, and for whom; need to ensure support.
• Fed's Bos c - Demand is responding faster than supply, causing price effects.
Economic Data Ahead:
• (0800 GMT/1330 IST) German IFO business climate, previous 96.8, expected 98.2.
• (1300 GMT/1830 IST) U.S. HPI, previous 0.9, expected 1.1.
• (1400 GMT/1930 IST) U.S. New Home Sales, previous 1021K, expected 950K.
• (1400 GMT/1930 IST) U.S. Richmond manufacturing Index, previous 17, expected 19.
Economic Events Ahead:
• Tenta ve – FOMC Member Evans speaks.
• (1400 GMT/1930 IST) U.S. FOMC member Quarles speaks.
• (1600 GMT/2130 IST) U.K. MPC member Tenreyro speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 89.74 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
0.7772
R2 S2
0.7790
R3 S3
0.7837
R4
Commentary
S4
0.7854
Buy Above 0.7772
0.7795
0.7748
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7740
0.7718
0.7766
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie rises gradually against U.S. dollar and touches $0.7761 mark in opening
hours. The pair made intraday high at $0.7761 and low at $0.7746 mark. A day chart and H1
chart with triple EMA confirm bullish trend for the time being. A sustained close above $0.7772 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check
further supports.
0.7740
0.7715
0.7690
0.7662

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2240
R2 S2
1.2287
R3 S3
1.2312
R4
Commentary
S4
1.2338
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-
Time Frame: H1
EUR/USD: The euro rises remarkably against U.S. dollar ahead of German IFO business climate
results and jumps back above $1.22 mark. Today pair made intraday high at $1.2231 and low at
$1.2210. Today triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A
consistent close above $1.2240 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.2190 on H1 chart will check further supports.
EUR / USD
1.2190
1.2165
1.2138
1.2101
Buy Above 1.2240
1.2272
1.2210
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2202
1.2178
1.2234
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4187
R2 S2
1.4211
R3 S3
1.4254
R4
Commentary
S4
1.4278
Buy Above 1.4190
1.4222
1.4165
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4155
1.4122
1.4181
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling appreciates sharply against U.S. dollar and stabilizes around $1.4180
mark. Later today U.K.’s realized sales and MPC member Tenreyro’s speech may bring volatility
in to the GBP parity. The pair made intraday high at $1.4185 and low at $1.4147 mark. A day chart
as well as H1 chart with triple EMA confirm bullish trend for the time being. A sustained close
above $1.4187 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.4146 will drag the parity down below $1.4100 mark.
USD
1.4146
1.4112
1.4082
1.4040
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above 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
1.2057
R2 S2
1.2090
R3 S3
1.2140
R4
Commentary
S4
1.2172
Buy Above 1.2057
1.2080
1.2038
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2032
1.2006
1.2050
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades almost flat against U.S. dollar on Tuesday and remains
well supported below 1.2050 mark. Today pair made intraday high at 1.2056 and low at 1.2039
mark. Today a day chart as well as H1 chart with Triple EMA confirm bearish trend for the time
being. A sustained close above 1.2057 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2032 on H1 chart will check key supports too.
USD /CAD
1.2032
1.2002
1.1978
1.1944
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
108.99
R2 S2
109.30
R3 S3
109.55
R4
Commentary
S4
109.76
Buy Above 109.00
109.22
108.75
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.60
108.37
108.92
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen continues to trade in rigid boundaries and remains well supported
above 108.50 mark. The pair made intraday high at 108.86 and low at 108.68 mark. The triple
EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained
close above 108.99 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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1882
R2 S2
1889
R3 S3
1896
R4
Commentary
S4
1905
Buy Above 1882
1888
1874
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1872
1867
1880
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold erases previous gain against U.S. dollar and stabilizes back below
$1,880 mark. Today pair made intraday high at $1,881 and low $1,872 mark. A day chart is up but
H1 chart is confirming slightly bearish trend for the time being. A sustained close above $1,882 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,872 will check
further supports.
XAU [GOLD]
USD
/
1872
1867
1862
1855
MAY,
2
021

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