DAILY ANALYSIS REPORT MARCH-15-2021

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Time Frame

H1

Commentary : The Aussie remains slightly volatile in early Asia as RBA Governor Lowe was scheduled to speak in early Asian hours. A day chart still suggests bullish trend while H1 chart suggests bearish trend in short run. A sustained close above $0.7771 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7732 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7792S10.7732
R20.7822S20.7700
R30.7854S30.7677
R40.7888S40.7625
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77680Sell Below : 0.77356
– Take Profit : 0.78000– Take Profit : 0.77063
– Stop Loss : 0.77326– Stop Loss : 0.77761

Commentary : The euro reverses early Asian hour’s gain and slips back below $1.1950 mark. Today triple EMA on a day confirms the bearish trend but H1 chart signals up trend in short run. A consistent close above $1.1960 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1918 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                                    –
R11.1989S11.1918
R21.2053S21.1875
R31.2080S31.1838
R41.2113S41.1802
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19698 Sell Below : 1.19426
– Take Profit : 1.19960  – Take Profit : 1.19133
– Stop Loss : 1.19429  – Stop Loss : 1.19735

Commentary :  The pound exhibits range bound movement and consolidates around $1.3900 mark. The pair made intraday high at $1.3949 and low at $1.3911 mark. Triple EMA on a day chart is bullish but H1 chart suggest down trend for the time being. A sustained close above $1.3942 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3910 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                                     –
R11.3960S11.3910
R21.4004S21.3887
R31.4032S31.3816
R41.4061S41.3750
BUYSELL
  
Buy Above : 1.39523Sell Below : 1.39008
– Take Profit : 1.39978  – Take Profit : 1.38648
– Stop Loss : 1.39068  – Stop Loss : 1.39411

Commentary : The Canadian dollar trades marginally lower on Monday and touches 1.2482 mark. A day and H1 chart with triple EMA confirms the bearish trend for the time being. A sustained close above 1.2496 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2465 will check key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2496S11.2465
R21.2555S21.2432
R31.2578S31.2400
R41.2610S41.2378
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.25045Sell Below : 1.24524
– Take Profit : 1.25457  – Take Profit : 1.24225
– Stop Loss : 1.24585  – Stop Loss : 1.24889

Commentary :  The Japanese yen continues to trade lower on Monday despite higher than expected core machinery orders data. The pair made intraday high at 109.19 and low at 108.91 mark. The triple EMA on a day and H1 chart suggest the uptrend for the time being. A sustained close above 109.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.86 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                                     –
R1109.20S1108.36
R2109.56S2107.86
R3109.82S3107.58
R4110.22S4106.90
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.317Sell Below : 108.856
– Take Profit : 109.614  – Take Profit : 108.533
– Stop Loss : 108.943  – Stop Loss : 109.214

Commentary : The gold starts a new week on a negative note and touches $1,721 mark in Asian hours. Today pair made intraday high at $1,734 and low at $1,721 mark. A sustained close above $1,732 on H1 chart requires for the upside rally. Alternatively, current downside movement will drag the parity down below $1,700 mark. A day chart with triple EMA confirms the bearish trend while H1 confirms slightly up trend for the time being. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11732S11715
R21740S21708
R31748S31702
R41754S41691
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1733.51Sell Below : 1720.72
– Take Profit : 1740.25  – Take Profit : 1714.74
– Stop Loss : 1725.11  – Stop Loss : 1727.58

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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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