DAILY ANALYSIS REPORT MAY 13 2022

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13 May 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar rose sharply against major peers a er U.S. Fed Chair Powell’s comments on controlling rising infla on, Asian stock markets in green, gold hovers around $1,827 mark
Key Headlines:
• New Zealand Business Manufacturing Index stands at 51.2 vs 53.7 previous release.
• Japan M2 Money stock stands at 3.6 vs 3.5 previous release.
• U.S. Federal Reserve Chair Jerome Powell - The ba le to control infla on would "include some pain". And he repeated his expecta on of half-percentage-point interest rate rises at
each of the Fed's next two policy mee ngs, while pledging that "we're prepared to do more" – Inves ng.
• U.S. stock index futures fell on Thursday, with growth stocks leading declines as investors worried that aggressive interest rate increases to curb decades-high infla on could p the
economy into recession – Reuters.
• Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stablecoins sent shockwaves around broader
markets – Reuters.
• Irish Central Bank Governor Gabriel Makhlouf on Thursday joined a chorus of European Central Bank policymakers calling for the Governing Council to act to tackle infla on, though
not necessarily at the same pace as the U.S. Federal Reserve – Reuters.
• A six-day slide in Turkey's lira has le traders predic ng that authori es are now targe ng a new level, as weak as 15.5 to the dollar, in a months-long effort to stabilise the exchange
rate using its depleted reserves together with other measures – Reuters.
• The Russian rouble firmed on Thursday, crossing the 70 mark against the euro and heading towards 65 against the dollar as it retained ar ficial support from capital controls –
Reuters.
• The state of Massachuse s on Thursday agreed to pay $56 million to resolve a lawsuit by families of veterans who contracted COVID-19 during an outbreak at a veterans' care center
that killed 84 people early in the pandemic – Reuters.
• The Biden administra on has no plans now to share COVID-19 vaccines with North Korea, White House press secretary Jen Psaki said on Thursday – Reuters.
• Beijing denied it was heading for lockdown as panic buying gripped China's capital, while Shanghai authori es combed the city for lingering COVID-19 cases in the hope of clearing
the way to end weeks of painful restric ons – Reuters.
• U.S. Food and Drug Administra on Commissioner Robert Califf is set to tes fy before the House Appropria ons Commi ee on May 19 his agency's resposne to an infant formula
shortage in the country, the panel said Thursday – Reuters.
• Colombia's cons tu onal court backed medically assisted suicide in a decision late on Wednesday, which advocates said makes it the first La n American country to back death by
suicide for those suffering serious or incurable illnesses – Reuters.
• The United States will share technologies used to make COVID-19 vaccines through the World Health Organiza on and is working to expand rapid tes ng and an viral treatments for
hard-to-reach popula ons, President Joe Biden said on Thursday – Reuters.
• The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanc ons to punish Moscow's invasion of Ukraine, a drop
from early April as around 3.4 billion francs in provisionally blocked assets were released – Reuters.
Key Economic Indicators Ahead:
• (0645 GMT/1215 IST) France Final CPI, previous 0.4, expected 0.4.
• (0900 GMT/1430 IST) Euro Industrial Produc on, previous 0.7, expected -2.1.
• (1230 GMT/1800 IST) U.S. Import Prices, previous 2.6, expected 0.6.
• (1400 GMT/1930 IST) U.S. Prelim UoM Consumer Sen ment, previous 65.2, expected 64.1.
Economic Events Ahead:
• (1600 GMT/2130 IST) U.S. FOMC Member Mester Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.19% to 104.66 points.

3. 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
0.6922
R2 S2
0.6957
R3 S3
0.6981
R4
Commentary
S4
0.7001
Buy Above 0.6904
0.6940
0.6865
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6850
0.6810
0.6880
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie starts a new day on a positive note and remains well supported above $0.6890
mark. Today pair made intraday high at $0.6891 and low at $0.6853 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $0.6922 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6850 will check further
supports.
0.6850
0.6818
0.6796
0.6765
MAY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0430
R2 S2
1.0462
R3 S3
1.0484
R4
Commentary
S4
1.0512
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-
Time Frame: H1
EUR/USD: The euro fell drastically in previous session and hit lowest level since Jan 2017. The pair
made intraday high at $1.0397 and low at $1.0373 mark. Today triple EMAon a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.0430 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 1.0415
1.0450
1.0390
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0370
1.0338
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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2230
R2 S2
1.2255
R3 S3
1.2274
R4
Commentary
S4
1.2299
Buy Above 1.2230
1.2262
1.2205
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2187
1.2150
1.2222
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling depreciated noticeably in previous session on robust U.S. dollar and takes
halt on Friday around $1.2190 mark. Today pair made intraday high at $1.2227 and low at $1.2192
mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained
close above $1.2230 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2170 will check further supports.
USD
1.2170
1.2140
1.2121
1.2101
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.3025
R2 S2
1.3055
R3 S3
1.3072
R4
Commentary
S4
1.3098
Buy Above 1.3030
1.3055
1.3005
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2989
1.2960
1.3020
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD rises on Friday and hovers around 1.3000 mark. Today the pair made intraday
high at 1.3048 and low at 1.2994 mark. Today a day chart and H1 chart with triple EMAsuggest bullish
trend for the time being. A sustained close above 1.3025 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2981 on H1 chart will check key supports too.
USD /CAD
1.2981
1.2955
1.2920
1.2901
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
129.51
R2 S2
129.87
R3 S3
130.24
R4
Commentary
S4
130.56
Buy Above 129.20
129.55
128.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 128.60
128.21
128.99
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Friday and hovers around 129.00 mark. The
pair made intraday high at 129.35 and low at 128.24 mark. The triple EMAon a day chart is up and H1
chart suggests down trend for the time being.Asustained close above 129.30 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
128.30
128.04
127.78
127.47
MAY,
2022

8. 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
1832
R2 S2
1837
R3 S3
1842
R4
Commentary
S4
1848
Buy Above 1832
1838
1826
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1820
1812
1826
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked down in previous session and hit lowest level since Feb 2022. Today
pair made intraday high at $1,827 and low at $1,810 mark. A day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1,832 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1,818 on H1 chart will test further supports. U.S.
prelim UoM Consumer Sentiment 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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