The daily analysis report from TP Global FX provides summaries of key Asian market news and economic indicators. It notes that the New Zealand dollar strengthened after the RBNZ raised interest rates to 2%. It also provides technical analysis and trade ideas for several currency pairs, including buying AUD/USD above $0.7115 and selling EUR/USD below $1.0684. Gold is supported below $1,870 as traders await upcoming US durable goods orders data.

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25 May 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Kiwi strengthens sharply a er RBNZ’s Policy Rate decision, Most Asian stock markets in green, gold hovers around $1,860 mark
Key Headlines:
• Australia Construc on work done q/q stands at -0.9 pct vs 0.6 pct previous release.
• New Zealand raises Official Cash Rate to 2.00 pct as expected vs 1.5 pct previous released.
• Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the
European Central Bank (ECB) said on Tuesday – Reuters.
• A er a considerable delay, the U.S. Securi es and Exchange Commission (SEC) has finally arrived at the climate disclosure party – and it is going to have a significant impact on U.S.
companies – Reuters.
• Russia’s war against Ukraine is forcing Europe to rethink energy security in a bid to become independent of Russian fossil fuel supplies – Reuters.
• The European Commission and EU governments are not doing enough to prevent the misuse of the bloc's money, auditors said on Monday, warning that fraudulent or corrupt
businesspeople may receive funds because too few of them are blacklisted – Reuters.
• The Canadian province of Quebec has confirmed 15 cases of monkeypox as of Monday, the provincial health department said on Tuesday – Reuters.
• Nigeria has received 4.4 million doses of the Johnson & Johnson COVID-19 vaccine from Spain, a government official said on Tuesday – Reuters.
• Senators Maria Cantwell, chair of the Commerce Commi ee, and Chuck Grassley, the top Republican on the Judiciary Commi ee, introduced a bill on Tuesday that would give the
U.S. Federal Trade Commission more power to rein in pharmacy benefit managers, which administer pharmaceu cal plans, Cantwell's office said – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Final GDP, previous 0.2, expected 0.2.
• (0600 GMT/1130 IST) German GFK Consumer Climate, previous -26.5, expected -25.6.
• (1230 GMT/1800 IST) U.S. Durable Goods Orders, previous 1.1, expected 0.6.
• (1230 GMT/1800 IST) U.S. Core Durable Goods Orders, previous 1.4, expected 0.5.
Economic Events Ahead:
• (0800 GMT/1330 IST) ECB President Lagarde Speaks.
• (1105 GMT/1635 IST) BoJ Gov Kuroda Speaks.
• (1800 GMT/2330 IST) U.S. FOMC Mee ng Minutes.
• Tenta ve – ECB Financial Stability Review.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.12% to 101.98 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
0.7115
R2 S2
0.7154
R3 S3
0.7176
R4
Commentary
S4
0.7199
Buy Above 0.7115
0.7140
0.7081
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7078
0.7050
0.7110
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains slightly volatile on Wednesday and trading around $0.7100 mark.
Today pair made intraday high at $0.7119 and low at $0.7082 mark. A day chart is down and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above $0.7115 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7082 will check further
supports.
0.7072
0.7040
0.7012
0.7001
MAY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0732
R2 S2
1.0754
R3 S3
1.0792
R4
Commentary
S4
1.0822
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro trades in narrow range on Wednesday ahead of ECB President Lagarde’s
speech and stabilizes above $1.0700 mark. The pair made intraday high at $1.0739 and low at
$1.0703 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time
being. A consistent close above $1.0732 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.0684 on H1 chart will check further supports.
EUR / USD
1.0684
1.0650
1.0622
1.0600
Buy Above 1.0732
1.0768
1.0710
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0691
1.0655
1.0722
– 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
1.2550
R2 S2
1.2576
R3 S3
1.2596
R4
Commentary
S4
1.2622
Buy Above 1.2550
1.2590
1.2512
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2501
1.2465
1.2522
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling spiked down extremely in previous session after lower than expected Flash
PMI data and currently remains well supported below $1.2550 mark. Today pair made intraday high
at $1.2543 and low at $1.2513 mark.Aday chart and H1 chart with triple EMAsuggest down trend for
the time being. A sustained close above $1.2550 on H1 chart will check key resistances.
Alternatively, a consistent close below $1.2510 will check further supports.
USD
1.2510
1.2482
1.2450
1.2415
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
1.2830
R2 S2
1.2855
R3 S3
1.2872
R4
Commentary
S4
1.2899
Buy Above 1.2830
1.2858
1.2805
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2805
1.2772
1.2830
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD rises gradually against U.S. dollar and currently trading above 1.2800 mark.
Today the pair made intraday high at 1.2834 and low at 1.2810 mark. Today a day chart and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above 1.2830 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2800 on H1 chart will check key
supports too.
USD /CAD
1.2800
1.2765
1.2750
1.2722
MAY,
2022

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
127.22
R2 S2
127.54
R3 S3
127.76
R4
Commentary
S4
127.99
Buy Above 127.30
127.60
127.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 126.80
126.55
127.15
– 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 ahead of BoJ Gov Kuroda’s
speech. The pair made intraday high at 127.21 and low at 126.65 mark. The triple EMAon a day chart
is up and H1 chart suggests down trend for the time being. A sustained close above 127.22 on H1
chart requires for the upside rally.Alternatively, a consistent close below 126.70 on H1 chart will check
further key supports.
USD /JPY
126.70
126.40
126.12
126.00
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
1870
R2 S2
1876
R3 S3
1882
R4
Commentary
S4
1889
Buy Above 1870
1876
1864
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1858
1852
1865
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades slightly lower during early Asia and remains well supported below
$1,870 mark. Today pair made intraday high at $1,868 and low at $1,859 mark. A day chart is down
and H1 chart with triple EMAsuggests up trend for the time being.Asustained close above $1,870 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,858 on H1 chart will
test further supports. Later today, U.S. Durable & Core Durable Goods Orders Data will remain in
focus.
XAU [GOLD]
USD
/
1858
1852
1848
1842
MAY,
2022

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