DAILY ANALYSIS REPORT MARCH-08-2021

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Time Frame

H1

Commentary :  The Aussie remains slightly volatile in early Asia and currently stabilizes below $0.77
mark. 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 $0.7727 on H1 chart requires for the upside
rally. Alternatively, a consistent close below $0.7658 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7727S10.7658
R20.7782S20.7599
R30.7806S30.7563
R40.7838S40.7515
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77209Sell Below : 0.76718
– Take Profit : 0.77504– Take Profit : 0.76501
– Stop Loss : 0.76893– Stop Loss : 0.76962

Commentary : The euro trades marginally lower on Monday and hovers around $1.1900 mark. Today
triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above
$1.1935 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1852
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                                    –
R11.1935S11.1852
R21.1974S21.1802
R31.2001S31.1777
R41.2046S41.1707
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19435 Sell Below : 1.18749
– Take Profit : 1.19793  – Take Profit : 1.18409
– Stop Loss : 1.18950  – Stop Loss : 1.19130

Commentary : The pound remains slightly volatile on Monday but remains well supported above
$1.38 mark. The pair made intraday high at $1.3865 and low at $1.3805 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 $1.3852 on H1 chart requires for the upside rally. On the other hand,
consistent close below $1.3798 on H1 will test further supports too.
IndicatorsH1
TrendsDown  Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3852S11.3798
R21.3922S21.3750
R31.3961S31.3702
R41.3998S41.3674
BUYSELL
  
Buy Above : 1.38260Sell Below : 1.37763
– Take Profit : 1.39191  – Take Profit : 1.37341
– Stop Loss : 1.38210  – Stop Loss : 1.38237

Commentary : The Canadian dollar exhibits range bound movement and consolidates around 1.2650
mark. A day and H1 chart with triple EMA confirm the bearish trend for the time being. The
expected range for the parity will be 1.2665 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                                    –
R11.2665S11.2610
R21.2710S21.2584
R31.2740S31.2555
R41.2776S41.2518
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.26892Sell Below : 1.26082
– Take Profit : 1.27274  – Take Profit : 1.25741
– Stop Loss : 1.26459  – Stop Loss : 1.26627

Commentary : The Japanese yen starts a new week on a lower note and stabilizes above 108.00
mark. The pair made intraday high at 108.49 and low at 108.28 mark. The triple EMA on a day
and H1 chart suggest the bullish trend for the time being. A sustained close above 108.53 on a
day chart requires for the upside rally. Alternatively, a consistent close below 107.86 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                                     –
R1108.53S1107.86
R2108.90S2107.58
R3109.56S3106.90
R4109.82S4106.53
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.658Sell Below : 108.043
– Take Profit : 108.961  – Take Profit : 107.539
– Stop Loss : 108.168  – Stop Loss : 108.524

Commentary : The gold trades marginally higher on Monday and stabilizes above $1,700 mark. Today pair made intraday high at $1,714 and low at $1,703 mark. Here, it is well observed that Friday’s close and today’s low both are same at $1,703 mark. A sustained break and close below it will check key supports only. Alternatively, current upside trend will take the parity back above $1,720 mark. A day as well as H1 chart still confirms the bearish trend for the time being. The expected range for the parity will be $1,718 to $1,691 mark. A sustained close of either side on H1 chart requires to confirm further directions of the parity.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11718S11703
R21722S21691
R31727S31685
R41732S41677
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1715.65Sell Below : 1697.85
– Take Profit : 1724.72  – Take Profit : 1688.95
– Stop Loss : 1705.42  – Stop Loss : 1709.34

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Time Frame

H1

Commentary : 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.64489Sell Below : 0.64489
– Take Profit :  0.64489– Take Profit : 0.64489
– Stop Loss :  0.64489– Stop Loss : 0.64489

Commentary :
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.64489 Sell Below : 0.64489
– Take Profit : 0.64489  – Take Profit : 0.64489
– Stop Loss : 0.64489  – Stop Loss : 0.64489

Commentary : 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
  
Buy Above : 0.64489Sell Below : 0.64489
– Take Profit : 0.64489  – Take Profit : 0.64489
– Stop Loss : 0.64489  – Stop Loss : 0.64489

Commentary :
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.64489Sell Below : 0.64489
– Take Profit : 0.64489  – Take Profit : 0.64489
– Stop Loss : 0.64489  – Stop Loss : 0.64489

Commentary : 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.64489Sell Below : 0.64489
– Take Profit : 0.64489  – Take Profit : 0.64489
– Stop Loss : 0.64489  – Stop Loss : 0.64489

Commentary :
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.64489Sell Below : 0.64489
– Take Profit : 0.64489  – Take Profit : 0.64489
– Stop Loss : 0.64489  – Stop Loss : 0.64489

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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.
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Risk Warning: 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 St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

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