English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT JUNE 03 2022
AUD / USD
| Commentary : The Aussie remains slightly volatile after Construction PMI data and stabilizes above $0.7250 mark. Today pair made intraday high at $0.7282 and low at $0.7253 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7270 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7240 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7270 | S1 | 0.7240 |
| R2 | 0.7299 | S2 | 0.7212 |
| R3 | 0.7315 | S3 | 0.7200 |
| R4 | 0.7350 | S4 | 0.7178 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7275 | Sell Below : 0.7238 | ||
| – Take Profit : 0.7312 | – Take Profit : 0.7210 | ||
| – Stop Loss : 0.7250 | – Stop Loss : 0.7270 | ||
EUR / USD
| Commentary : The euro recovers sharply from previous losses ahead of Services PMI data and remains well supported above $1.0750 mark. The pair made intraday high at $1.0764 and low at $1.0740 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0776 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0737 on H1 chart will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0776 | S1 | 1.0737 |
| R2 | 1.0804 | S2 | 1.0705 |
| R3 | 1.0826 | S3 | 1.0682 |
| R4 | 1.0850 | S4 | 1.0655 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0772 | Sell Below : 1.0737 | ||
| – Take Profit : 1.0799 | – Take Profit : 1.0705 | ||
| – Stop Loss : 1.0750 | – Stop Loss : 1.0765 | ||
GBP / USD
| Commentary : The sterling trades flat on Friday as UK banks will be closed in observance of the Platinum Jubilee Bank Holiday. Today pair made intraday high at $1.2589 and low at $1.2570 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2590 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2550 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2590 | S1 | 1.2550 |
| R2 | 1.2615 | S2 | 1.2550 |
| R3 | 1.2640 | S3 | 1.2500 |
| R4 | 1.2672 | S4 | 1.2486 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2590 | Sell Below : 1.2555 | ||
| – Take Profit : 1.2626 | – Take Profit : 1.252 | ||
| – Stop Loss : 1.2560 | – Stop Loss : 1.2574 | ||
USD / CAD
| Commentary : The CAD exhibits range bound movement on Friday and Consolidates around 1.2570 mark. Today the pair made intraday high at 1.2578 and low at 1.2557 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2602 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2550 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2602 | S1 | 1.2550 |
| R2 | 1.2626 | S2 | 1.2521 |
| R3 | 1.2652 | S3 | 1.2501 |
| R4 | 1.2680 | S4 | 1.2480 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2602 | Sell Below : 1.2555 | ||
| – Take Profit : 1.2638 | – Take Profit : 1.2511 | ||
| – Stop Loss : 1.2578 | – Stop Loss : 1.2578 | ||
USD / JPY
| Commentary : The Japanese yen trades in narrow range on Friday and hovers around 130.00 mark. The pair made intraday high at 130.04 and low at 129.68 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 130.21 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.65 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 130.21 | S1 | 129.65 |
| R2 | 130.48 | S2 | 129.40 |
| R3 | 130.76 | S3 | 129.15 |
| R4 | 131.01 | S4 | 128.89 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.05 | Sell Below : 129.60 | ||
| – Take Profit : 130.40 | – Take Profit : 129.25 | ||
| – Stop Loss : 129.78 | – Stop Loss : 129.90 | ||
GOLD
| Commentary : Gold appreciated extremely in previous session as U.S. released Factory orders and NFP job data with negative numbers. The pair made intraday high at $1,874 and low at $1,867 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,876 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,862 on H1 chart will test further supports. Later today U.S. NFP Job data and ISM Services PMI data will provide further directions to the U.S. dollar. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1876 | S1 | 1862 |
| R2 | 1882 | S2 | 1857 |
| R3 | 1889 | S3 | 1852 |
| R4 | 1894 | S4 | 1847 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1874 | Sell Below : 1864 | ||
| – Take Profit : 1881 | – Take Profit : 1858 | ||
| – Stop Loss : 1867 | – Stop Loss : 1870 | ||
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note 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.