DAILY ANALYSIS REPORT MARCH-11-2021

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Time Frame

H1

Commentary : The Aussie rises gradually against U.S. dollar and remains well supported above $0.77 mark. A day and H1 chart suggest bullish trend in short run. A sustained close above $0.7744 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7698 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7744S10.7674
R20.7782S20.7625
R30.7806S30.7599
R40.7822S40.7563
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77504Sell Below : 0.77085
– Take Profit : 0.77795– Take Profit : 0.76792
– Stop Loss : 0.77196– Stop Loss : 0.77399

Commentary : The euro trades almost flat on Thursday ahead of ECB’s interest rate decision. Today triple EMA on a day confirms the bearish trend but H1 chart signals up trend in short run. A consistent close above $1.1935 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1875 on H1 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.1935S11.1875
R21.1974S21.1838
R31.2001S31.1802
R41.2044S41.1777
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19502 Sell Below : 1.18978
– Take Profit : 1.19826  – Take Profit : 1.18673
– Stop Loss : 1.19149  – Stop Loss : 1.19302

Commentary : The pound appreciates noticeably against U.S. dollar and stabilizes above $1.3900 mark. The pair made intraday high at $1.3940 and low at $1.3913 mark. Triple EMA on a day and H1 chart suggests up trend for the time being. A sustained close above $1.3952 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3887 on H1 will test further supports too. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3952S11.3887
R21.3998S21.3816
R31.4032S31.3750
R41.4061S41.3702
BUYSELL
  
Buy Above : 1.39521Sell Below : 1.39007
– Take Profit : 1.39860  – Take Profit : 1.38647
– Stop Loss : 1.39190  – Stop Loss : 1.39367

Commentary : The Canadian dollar appreciated sharply as BOC kept interest rate unchanged and showed some optimism on economy recovery. A day and H1 chart with triple EMA confirms the bearish trend for the time being. A sustained close above 1.2632 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2610 will check key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2632S11.2610
R21.2693S21.2583
R31.2740S31.2555
R41.2776S41.2521
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.26380Sell Below : 1.25882
– Take Profit : 1.26617  – Take Profit : 1.25586
– Stop Loss : 1.26007  – Stop Loss : 1.26229

Commentary : The Japanese yen trades marginally lower on Thursday and remains well supported above 108.30 mark. The pair made intraday high at 108.58 and low at 108.34 mark. The triple EMA on a day chart suggests the bullish trend while H1 signals slightly downside trend for the time being. A sustained close above 108.62 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.36 on H1 will check key supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1108.87S1108.36
R2109.20S2107.86
R3109.56S3107.58
R4109.82S4106.90
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.784Sell Below : 108.250
– Take Profit : 109.094  – Take Profit : 107.964
– Stop Loss : 108.445  – Stop Loss : 108.586

Commentary : The gold rose sharply in previous session as U.S. released Core CPI data with negative numbers while CPI data with flat numbers. Today pair made intraday high at $1,735 and low at $1,723 mark. A sustained close above $1,738 on a day chart requires for the upside rally. Alternatively, reversal from here will drag the parity down below $1,708 mark. Today’s U.S. is again empty and therefore high volatility is expected during the U.S. session. A day chart with triple EMA confirms the bearish trend while H1 chart gives bullish trend confirmation In short run. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11740S11722
R21748S21715
R31754S31708
R41762S41698
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1735.76Sell Below : 1720.48
– Take Profit : 1744.24  – Take Profit : 1713.24
– Stop Loss : 1726.09  – Stop Loss : 1728.86

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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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