DAILY ANALYSIS REPORT MARCH-17-2021

Posted on
.

Time Frame

H1

Commentary : The Aussie falls gradually against U.S. dollar and stabilizes below $0.7750 mark. A day chart still suggests up trend in long run while H1 chart suggests visible down trend for the time being. A sustained close above $0.7750 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7721 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)BelowMA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7750S10.7721
R20.7772S20.7700
R30.7790S30.7677
R40.7822S40.7625
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77614Sell Below : 0.77169
– Take Profit : 0.77887– Take Profit : 0.76885
– Stop Loss : 0.77314– Stop Loss : 0.77454

Commentary : The euro trades almost flat on Wednesday and hovers around $1.19 mark. Today triple EMA on a day and H1 confirm the down trend for the time being. A consistent close above $1.1913 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1885 on H1 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.1913S11.1885
R21.1938S21.1838
R31.1962S31.1802
R41.2002S41.7777
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19222 Sell Below : 1.18823
– Take Profit : 1.19526  – Take Profit : 1.18620
– Stop Loss : 1.18949  – Stop Loss : 1.19067

Commentary : The pound trades in rigid boundaries on Wednesday and consolidates around $1.39 mark. The pair made intraday high at $1.3905 and low at $1.3878 mark. Triple EMA on a day chart is bullish but H1 chart suggests sideways movement for the time being. A sustained close above $1.3902 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3885 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                                     –
R11.3922S11.3885
R21.3960S21.3862
R31.4004S31.3816
R41.4032S41.3750
BUYSELL
  
Buy Above : 1.39084Sell Below : 1.38631
– Take Profit : 1.39405  – Take Profit : 1.38335
– Stop Loss : 1.38742  – Stop Loss : 1.38911

Commentary : The Canadian dollar strengthens sharply in Asian hours and touches 1.2433 mark. It is the highest level since Feb 2018. A day and H1 chart with triple EMA confirms the bearish trend for the time being. A sustained close above 1.2470 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2441 will check key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2470S11.2432
R21.2496S21.2400
R31.2555S31.2378
R41.2578S41.2358
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.24764Sell Below : 1.24325
– Take Profit : 1.25132  – Take Profit : 1.23966
– Stop Loss : 1.24324  – Stop Loss : 1.24705

Commentary : 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.28S1108.70
R2109.56S2108.36
R3109.82S3108.36
R4110.22S4107.58
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.258Sell Below : 108.901
– Take Profit : 109.513  – Take Profit : 108.548
– Stop Loss : 108.983  – Stop Loss : 109.239

Commentary : The gold trades slightly up on Wednesday ahead of U.S. FOMC Interest Rate Decision. Today pair made intraday high at $1,737 and low at $1,729 mark. A day chart with triple EMA confirms the down trend while H1 confirms bullish trend for the time being. A sustained close above $1,740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,728 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                                     –
R11740S11728
R21748S21722
R31754S31715
R41762S41708
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1738.73Sell Below : 1729.70
– Take Profit : 1744.83  – Take Profit : 1723.31
– Stop Loss : 1732.56  – Stop Loss : 1736.50

Download Report in PDF

We provide every solution to start your own

Tags
Disclamer:
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.
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+1 7754366970

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

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close