DAILY ANALYSIS REPORT MARCH-19-2021

Posted on
.

Time Frame

H1

Commentary : The Aussie weakens in early Asia as retail sales data misses the expectations but recovers soon from the previous losses. The pair is currently trading around $0.7750 mark. A day chart suggests up trend while H1 chart with triple EMA confirms the down trend for the time being. A sustained close above $0.7761 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                                    –
R10.7761S10.7721
R20.7792S20.7700
R30.7838S30.7677
R40.7877S40.7625
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77706Sell Below : 0.77152
– Take Profit : 0.77990– Take Profit : 0.76840
– Stop Loss : 0.77421– Stop Loss : 0.77476

Commentary : The euro exhibits range bound movement on Friday and stabilizes above $1.19 mark. Today triple EMA on a day and H1 chart confirm the down trend for the time being. A consistent close above $1.1947 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1890 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                                    –
R11.1947S11.1891
R21.1985S21.1838
R31.2061S31.1802
R41.2090S41.1777
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.19466 Sell Below : 1.18886
– Take Profit : 1.19751  – Take Profit : 1.18592
– Stop Loss : 1.19171  – Stop Loss : 1.19198

Commentary : The pound trades almost flat on Friday despite strong GFK Consumer Confidence Data. The pair made intraday high at $1.3933 and low at $1.3892 mark. Triple EMA on a day chart isu up while H1 chart confirms bearish trend for the time being. A sustained close above $1.3930 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                                     –
R11.3930S11.3885
R21.3949S21.3862
R31.3995S31.3816
R41.4061S41.3750
BUYSELL
  
Buy Above : 1.39298Sell Below : 1.38884
– Take Profit : 1.39649  – Take Profit : 1.38551
– Stop Loss : 1.38965  – Stop Loss : 1.39169

Commentary : The Canadian dollar erases previous gain against U.S. dollar and touches 1.2511 mark in Asian hours. A day chart confirms bearish trend for long run while H1 chart with triple EMA confirms the uptrend for the time being. A sustained close above 1.2520 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2378 will check key supports too. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2520S11.2484
R21.2555S21.2435
R31.2590S31.2400
R41.2610S41.2378
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.25396Sell Below : 1.24720
– Take Profit : 1.25879  – Take Profit : 1.24309
– Stop Loss : 1.24957  – Stop Loss : 1.25163

Commentary : The Japanese yen appreciates immediately after BOJ’s Monetary Policy Meeting. As widely expected, the BOJ kept intact its target of -0.1% for short-term rates and 0% for the 10-year bond yield under its yield curve control policy. In addition, BOJ would allow long-term rates to move up and down by 0.25% around its target, instead of by 0.2%. The pair made intraday high at 109.13 and low at 108.85 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 : 109.215Sell Below : 108.753
– Take Profit : 109.441  – Take Profit : 108.508
– Stop Loss : 108.928  – Stop Loss : 109.061

Commentary : The gold weakens noticeably in previous session and touched $1,719 mark in previous session. Today pair made intraday high at $1,737 and low at $1,728 mark. A day chart and H1 chart with triple EMA confirms the down trend for the time being. A sustained close above $1,737 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,722 on H1 will test further supports too. Important to make a note here that today’s U.S. session is empty and as per prior experience, market might be highly volatile in the absence of U.S. fundamentals. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11737S11728
R21740S21722
R31748S31715
R41754S41708
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1735.04Sell Below : 1727.06
– Take Profit : 1740.14  – Take Profit : 1721.80
– Stop Loss : 1730.38  – Stop Loss : 1735.00

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