DAILY ANALYSIS REPORT MAY 02 2022
AUD / USD
Commentary : The Aussie weakens on Monday despite higher than previous AIG Manufacturing PMI data and hits lowest level since Jan 31, 2022. Today pair made intraday high at $0.7082 and low at $0.7032 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7072 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7030 will check further supports. | |||
Indicators | H1 | ||
Trends | Down Trend | ||
Moving Average (Period=75) | Below MA | ||
RSI (Period=26) | Below RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 0.7072 | S1 | 0.7026 |
R2 | 0.7099 | S2 | 0.7001 |
R3 | 0.7126 | S3 | 0.6976 |
R4 | 0.7150 | S4 | 0.6948 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 0.7072 | Sell Below : 0.7026 | ||
– Take Profit : 0.7100 | – Take Profit : 0.7000 | ||
– Stop Loss : 0.7040 | – Stop Loss : 0.7050 |
EUR / USD
Commentary : The Euro trades marginally lower on Monday ahead of Manufacturing PMI results from the Euro area and hovers around $1.0520 mark. The pair made intraday high at $1.0561 and low at $1.0517 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0555 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0490 on H1 chart will check further supports. | |||
Indicators | H1 | ||
Trends | Down Trend | ||
Moving Average (Period=75) | Below MA | ||
RSI (Period=26) | Below RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 1.0555 | S1 | 1.0490 |
R2 | 1.0572 | S2 | 1.0465 |
R3 | 1.0600 | S3 | 1.0450 |
R4 | 1.0638 | S4 | 1.0422 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 1.0550 | Sell Below : 1.0490 | ||
– Take Profit : 1.0580 | – Take Profit : 1.0450 | ||
– Stop Loss : 1.0511 | – Stop Loss : 1.0522 |
GBP / USD
Commentary : The Sterling trades in narrow range on Monday as U.K. banks will be closed in observance of May Day. Today pair made intraday high at $1.2596 and low at $1.2551 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2572 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2530 will check further supports. | |||
Indicators | H1 | ||
Trends | Down Trend | ||
Moving Average (Period=75) | Below MA | ||
RSI (Period=26) | Below RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 1.2572 | S1 | 1.2530 |
R2 | 1.2615 | S2 | 1.2505 |
R3 | 1.2650 | S3 | 1.2480 |
R4 | 1.2682 | S4 | 1.2455 |
BUY | SELL | ||
![]() | ![]() | ||
Buy Above : 1.2575 | Sell Below : 1.2531 | ||
– Take Profit : 1.2612 | – Take Profit : 1.2501 | ||
– Stop Loss : 1.2542 | – Stop Loss : 1.2557 |
USD / CAD
Commentary : The CAD falls gradually against U.S. dollar ahead of Manufacturing PMI data and stabilizes above 1.2850 mark. Today the pair made intraday high at 1.2874 and low at 1.2840 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2875 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2840 on H1 chart will check key supports too. | |||
Indicators | H1 | ||
Trends | Up Trend | ||
Moving Average (Period=75) | Above MA | ||
RSI (Period=26) | Above RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 1.2875 | S1 | 1.2840 |
R2 | 1.2904 | S2 | 1.2805 |
R3 | 1.2932 | S3 | 1.2780 |
R4 | 1.2965 | S4 | 1.275 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 1.2880 | Sell Below : 1.2840 | ||
– Take Profit : 1.2910 | – Take Profit : 1.2801 | ||
– Stop Loss : 1.2851 | – Stop Loss : 1.2872 |
USD / JPY
Commentary : The Japanese yen trades marginally lower on Monday after Flat Final manufacturing PMI data. The pair made intraday high at 130.30 and low at 129.61 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 130.54 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.90 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 | 130.54 | S1 | 129.90 |
R2 | 130.76 | S2 | 129.65 |
R3 | 131.12 | S3 | 129.30 |
R4 | 131.40 | S4 | 129.01 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 130.54 | Sell Below : 129.90 | ||
– Take Profit : 130.99 | – Take Profit : 129.51 | ||
– Stop Loss : 130.15 | – Stop Loss : 130.22 |
GOLD
Commentary : Gold starts a new week on a lower note ahead of U.S. ISM Manufacturing PMI data and stabilizes below $1,890 mark. Today pair made intraday high at $1,900 and low at $1,884 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,899 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,878 on H1 chart will test further supports. | |||
Indicators | H1 | ||
Trends | Down Trend | ||
Moving Average (Period=75) | Below MA | ||
RSI (Period=26) | Below RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 1904 | S1 | 1878 |
R2 | 1909 | S2 | 1872 |
R3 | 1914 | S3 | 1867 |
R4 | 1920 | S4 | 1862 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 1894 | Sell Below : 1878 | ||
– Take Profit : 1901 | – Take Profit : 1871 | ||
– Stop Loss : 1887 | – Stop Loss : 1885 |

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.