DAILY ANALYSIS REPORT MARCH-18-2021

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Time Frame

H1

Commentary : The Aussie strengthens sharply after robust employment data and lower than expected unemployment rate too. The pair jumps back above $0.78 mark, highest level since March 03, 2021. A day chart and H1 chart suggest up trend for the time being. A sustained close above $0.7838 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7790 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7838S10.7777
R20.7861S20.7721
R30.7903S30.7677
R40.7940S40.7625
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.78411Sell Below : 0.78118
– Take Profit : 0.78695– Take Profit : 0.77833
– Stop Loss : 0.78126– Stop Loss : 0.78402

Commentary : The euro trades marginally lower on Thursday and hovers around $1.1960 mark. Today triple EMA on a day confirms down trend but H1 chart confirms the uptrend for the time being. A consistent close above $1.1990 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1947 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                                    –
R11.1990S11.1947
R21.2043S21.1885
R31.2061S31.1838
R41.2090S41.1802
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19861 Sell Below : 1.19503
– Take Profit : 1.20146  – Take Profit : 1.19299
– Stop Loss : 1.19566  – Stop Loss : 1.19747

Commentary : The pound moves in still boundaries ahead of BOE’s Interest Rate Decision and stabilizes around $1.3950 mark. The pair made intraday high at $1.3977 and low at $1.3935 mark. Triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained close above $1.3992 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
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3992S11.3885
R21.4032S21.3862
R31.4077S31.3816
R41.4112S41.3750
BUYSELL
  
Buy Above : 1.39776Sell Below : 1.39303
– Take Profit : 1.40127  – Take Profit : 1.39040
– Stop Loss : 1.39442  – Stop Loss : 1.39583

Commentary : The Canadian dollar appreciates extremely in Asian hours and touches 1.2377 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 1.2442 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2383 will check key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2442S11.2377
R21.2470S21.2358
R31.2496S31.2321
R41.2555S41.2284
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.24297Sell Below : 1.23698
– Take Profit : 1.24780  – Take Profit : 1.23339
– Stop Loss : 1.23858  – Stop Loss : 1.24078

Commentary : The Japanese yen remains highly volatile in early Asian hours after comments from BOJ regarding targeted yield band. BoJ is likely to widen target yield band to +/- 0.25 pct. The pair made intraday high at 109.12 and low at 108.62 mark. The triple EMA on a day chart confirms up trend in long run while H1 chart suggests the bearish trend for the time being. A sustained close above 109.28 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.83 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                                     –
R1109.28S1108.70
R2109.56S2108.36
R3109.82S3108.00
R4110.22S4107.58
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.133Sell Below : 108.733
– Take Profit : 109.359  – Take Profit : 108.446
– Stop Loss : 108.847  – Stop Loss : 108.991

Commentary : The gold spiked up sharply after FOMC’s dovish stance and currently stabilizes around $1,750 mark. Today pair made intraday high at $1,755 and low at $1,744 mark. A day chart with triple EMA confirms the down trend while H1 confirms uptrend for the time being. A sustained close above $1,754 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,738 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                                     –
R11754S11738
R21762S21732
R31767S31727
R41775S41722
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1754.93Sell Below : 1741.84
– Take Profit : 1761.03  – Take Profit : 1734.83
– Stop Loss : 1748.76  – Stop Loss : 1749.78

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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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