DAILY ANALYSIS REPORT MAY 10 2022
AUD / USD
Commentary : The Aussie depreciates on Tuesday in early Asian hours and touches $0.6910 mark. Today pair made intraday high at $0.6966 and low at $0.6910 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6970 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6920 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 | 0.6970 | S1 | 0.6920 |
R2 | 0.6999 | S2 | 0.6901 |
R3 | 0.7015 | S3 | 06876 |
R4 | 0.7040 | S4 | 0.6850 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 0.6978 | Sell Below : 0.6901 | ||
– Take Profit : 0.7001 | – Take Profit : 0.6870 | ||
– Stop Loss : 0.6951 | – Stop Loss : 0.6870 |
EUR / USD
Commentary : The euro appreciates on Tuesday and remains well supported around $1.0570 mark ahead of German ZEW Economic Sentiment data. The pair made intraday high at $1.0576 and low at $1.0552 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0590 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0550 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 | 1.0590 | S1 | 1.0550 |
R2 | 1.0622 | S2 | 1.0518 |
R3 | 1.0640 | S3 | 1.0490 |
R4 | 1.0676 | S4 | 1.0465 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 1.0590 | Sell Below : 1.0550 | ||
– Take Profit : 1.0622 | – Take Profit : 1.0520 | ||
– Stop Loss : 1.0562 | – Stop Loss : 1.0580 |
GBP / USD
Commentary : The sterling trades marginally higher on Tuesday and stabilizes above $1.2350 mark. Today pair made intraday high at $1.2371 and low at $1.2317 mark. A day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.2389 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2330 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 | 1.2389 | S1 | 1.2330 |
R2 | 1.2415 | S2 | 1.2304 |
R3 | 1.2437 | S3 | 1.2289 |
R4 | 1.2462 | S4 | 1.2262 |
BUY | SELL | ||
![]() | ![]() | ||
Buy Above : 1.2389 | Sell Below : 1.2330 | ||
– Take Profit : 1.2430 | – Take Profit : 1.2290 | ||
– Stop Loss : 1.2361 | – Stop Loss : 1.2355 |
USD / CAD
Commentary : The CAD depreciates noticeably against U.S. dollar and hits lowest level since Nov 02, 2020. Today the pair made intraday high at 1.3036 and low at 1.2990 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3015 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2987 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 | 1.3015 | S1 | 1.3090 |
R2 | 1.3038 | S2 | 1.2955 |
R3 | 1.3062 | S3 | 1.2920 |
R4 | 1.3090 | S4 | 1.2901 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 1.3025 | Sell Below : 1.2981 | ||
– Take Profit : 1.3060 | – Take Profit : 1.2951 | ||
– Stop Loss : 1.3002 | – Stop Loss : 1.3010 |
USD / JPY
Commentary : The Japanese yen enjoys roller coaster movement and remains well supported above 130.00 mark. The pair made intraday high at 130.57 and low at 129.79 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 130.53 on H1 chart requires for the upside rally. Alternatively, a consistent close below 130.00 on H1 chart will check further key supports. | |||
Indicators | H1 | ||
Trends | Down Trend | ||
Moving Average (Period=75) | Below MA | ||
RSI (Period=26) | Below RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 130.58 | S1 | 130.00 |
R2 | 130.76 | S2 | 129.78 |
R3 | 130.99 | S3 | 129.55 |
R4 | 131.24 | S4 | 129.21 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 130.60 | Sell Below : 130.01 | ||
– Take Profit : 130.90 | – Take Profit : 129.52 | ||
– Stop Loss : 130.22 | – Stop Loss : 130.22 |
GOLD
Commentary : Gold recovers slightly from previous losses and remains well supported above $1,850 mark. Today pair made intraday high at $1,865 and low at $1,852 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,867 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,852 on H1 chart will test further supports. U.S. Calendar will remain empty for the day. | |||
Indicators | H1 | ||
Trends | Up Trend | ||
Moving Average (Period=75) | Above MA | ||
RSI (Period=26) | Above RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 1867 | S1 | 1852 |
R2 | 1872 | S2 | 1847 |
R3 | 1878 | S3 | 1842 |
R4 | 1884 | S4 | 1836 |
BUY | SELL | ||
![]() | ![]() | ||
Trade Idea | Trade Idea | ||
Buy Above : 1867 | Sell Below : 1851 | ||
– Take Profit : 1874 | – Take Profit : 1844 | ||
– Stop Loss : 1861 | – Stop Loss : 1858 |

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.