DAILY ANALYSIS REPORT MARCH-05-2021

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Time Frame

H1

Commentary : The Aussie weakens against U.S. dollar and touches $0.7687 mark in early Asia. A day chart still suggests bullish trend while H1 chart with triple EMA suggests the down trend for the time being. A sustained close above $0.7744 on H1 chart requires for the upside rally. Alternatively, current down side movement will take the parity back below $0.7650 mark.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7752S10.7667
R20.7806S20.7599
R30.7838S30.7563
R40.7850S40.7515
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77716Sell Below : 0.76868
– Take Profit : 0.78041– Take Profit : 0.76651
– Stop Loss : 0.77379– Stop Loss : 0.77112

Commentary : The euro depreciates sharply on Friday and hovers around $1.1950 mark. Today triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above $1.1974 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1960 on a day will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.1974S11.1938
R21.2001S21.1900
R31.2046S31.1852
R41.2115S41.1802
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2006 Sell Below : 1.19406
– Take Profit : 1.20355  – Take Profit : 1.19067
– Stop Loss : 1.19795  – Stop Loss : 1.19787

Commentary : The pound trades marginally lower and slips below $1.3900 mark. The pair made intraday high at $1.3906 and low at $1.3867 mark. Triple EMA on a day chart suggests up trend while H1 chart confirms the bearish trend for the time being. A sustained close above $1.3922 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3866 will test further supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3922S11.3866
R21.3941S21.3815
R31.3997S31.3787
R41.4034S41.3750
BUYSELL
  
Buy Above : 1.39493Sell Below : 1.38625
– Take Profit : 1.39952  – Take Profit : 1.38203
– Stop Loss : 1.38980  – Stop Loss : 1.39099

Commentary : The Canadian dollar remains slightly volatile in early Asia but remains well supported below 1.27 mark. A day chart with triple EMA confirms the bearish trend; while on H1 chart, pair is likely to give some upside correction. The expected range for the parity will be 1.2710 to 1.2610 mark. A sustained close of either side on H1 chart requires for the further trend confirmation. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2710S11.2610
R21.2740S21.2584
R31.2776S31.2555
R41.2800S41.2518
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2690Sell Below : 1.26270
– Take Profit : 1.27282  – Take Profit : 1.25949
– Stop Loss : 1.26468  – Stop Loss : 1.26641

Commentary : The Japanese yen falls drastically on Friday after comments from Kuroda and hits lowest level since July 2020. The pair made intraday high at 108.08 and low at 107.81 mark. The triple EMA on a day and H1 chart suggest the bullish trend for the time being. A sustained close above 107.92 on a day chart requires for the upside rally. Alternatively, a consistent close below 107.58 on H1 will check key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1108.15S1107.58
R2108.54S2106.80
R3108.90S3106.53
R4109.56S4105.86
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.164Sell Below : 107.696
– Take Profit : 108.356  – Take Profit : 107.417
– Stop Loss : 107.952  – Stop Loss : 107.991

Commentary : The gold weakens noticeably in previous session on robust U.S. factory orders data. Today pair made intraday high at $1,698 and low at $1,687 mark. The key event for the day will be U.S. NFP job results. The outcome will provide further direction of it. A day as well as H1 chart still confirms the bearish trend for the time being. The expected range for the parity will be $1,712 to $1,645 mark. A sustained close of either side on H1 chart requires to confirm further directions of the parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11702S11687
R21708S21677
R31712S31661
R41722S41645
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1702.91Sell Below : 1686.08
– Take Profit : 1711.98  – Take Profit : 1677.49
– Stop Loss : 1692.68  – Stop Loss : 1696.38

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