DAILY ANALYSIS REPORT MARCH-16-2021

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Time Frame

H1

Commentary : The Aussie trades almost flat on Tuesday and hovers around $0.7750 mark. A day chart still suggests bullish trend while H1 chart suggests sideways movement for the time being. A sustained close above $0.7771 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7729 will check further supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7792S10.7728
R20.7822S20.7700
R30.7854S30.7677
R40.7888S40.7625
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77697Sell Below : 0.77325
– Take Profit : 0.77970– Take Profit : 0.77033
– Stop Loss : 0.77397– Stop Loss : 0.77731

Commentary : The euro exhibits range bound movement and consolidates around $1.1930 mark. Today triple EMA on a day and H1 confirm the bearish trend in short run. A consistent close above $1.1938 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1915 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                                    –
R1 1.1960S11.1915
R21.1989S21.1875
R31.2053S31.1838
R41.2089S41.1802
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19518 Sell Below : 1.19130
– Take Profit : 1.19821  – Take Profit : 1.18838
– Stop Loss : 1.19245  – Stop Loss : 1.19439

Commentary : The pound remains volatile in early Asian hours and breaks key support at $1.3887 mark. The pair made intraday high at $1.3903 and low at $1.3865 mark. Triple EMA on a day chart is bullish but H1 chart suggest bearish trend for the time being. A sustained close above $1.3899 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3858 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                                     –
R11.3922S11.3858
R21.3960S21.3816
R31.4004S31.3750
R41.4032S41.3722
BUYSELL
  
Buy Above : 1.39111Sell Below : 1.38460
– Take Profit : 1.39536  – Take Profit : 1.38157
– Stop Loss : 1.38646  – Stop Loss : 1.38877

Commentary : The Canadian dollar moves in rigid boundaries and stabilizes below 1.25 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 1.2446 will check key supports too.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2496S11.2446
R21.2555S21.2432
R31.2578S31.2400
R41.2610S41.2378
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.25124Sell Below : 1.24533
– Take Profit : 1.25536  – Take Profit : 1.24152
– Stop Loss : 1.24665  – Stop Loss : 1.25073

Commentary : The Japanese yen falls gradually against U.S. dollar and remains well supported above 109.00 mark. The pair made intraday high at 109.24 and low at 109.09 mark. The triple EMA on a day and H1 chart suggest the uptrend for the time being. A sustained close above 109.28 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                                     –
R1109.28S1108.86
R2109.56S2108.36
R3109.82S3108.00
R4110.22S4107.58
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.409Sell Below : 108.994
– Take Profit : 109.706  – Take Profit : 108.641
– Stop Loss : 109.035  – Stop Loss : 109.332

Commentary : The gold remained highly volatile on previous session on the back of higher than expected U.S. Empire state manufacturing index data. Today gold rises slightly and stabilizes above $1,730 mark. Today pair made intraday high at $1,735 and low at $1,729 mark. A day chart with triple EMA confirms the bearish trend while H1 confirms slightly up trend for the time being. A sustained close above $1,736 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,722 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                                     –
R11740S11722
R21748S21715
R31754S31708
R41762S41702
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1736.64Sell Below : 1727.82
– Take Profit : 1742.70  – Take Profit : 1721.84
– Stop Loss : 1730.62  – Stop Loss : 1734.67

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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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