DAILY ANALYSIS REPORT MARCH-31-2021

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Time Frame

H1

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R10.7620S10.7589
R20.7670S20.7570
R30.7692S30.7520
R40.7713S40.7500
Conclusion
Buy Above0.7620
  – Take Profit0.7650
  – Stop Loss0.7590
Sell Below0.7580
  – Take Profit0.7550
  – Stop Loss0.7620
Commentary : The Aussie exhibits range bound movement and hovers around $0.7600
mark. Today triple EMA with day and H1 chart confirm bearish trend for the time being. A
sustained close above $0.7620 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.7589 will check further supports. 

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R11.1740S11.1690
R21.1780S21.1676
R31.1834S31.1648
R41.1862S41.1620
Conclusion
Buy Above1.1740
  – Take Profit1.1775
  – Stop Loss1.1700
Sell Below1.1690
  – Take Profit1.1662
  – Stop Loss1.1740
Commentary : The euro moves in stiff boundaries on Wednesday and remains well
supported above $1.1700 mark. The pair made intraday high at $1.1726 and low at
$1.1704. Today triple EMA on a day and H1 chart signal down trend for the time being. A
consistent close above $1.1740 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.1690 on H1 will check further supports.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R11.3745S11.3700
R21.3793S21.3670
R31.3843S31.3648
R41.3880S41.3610
Conclusion
Buy Above1.3751
  – Take Profit1.3793
  – Stop Loss1.3690
Sell Below1.3690
  – Take Profit1.3670
  – Stop Loss1.3740
Commentary : The pound depreciates on Wednesday and currently trading around $1.3725
mark. The pair made intraday high at $1.3751 and low at $1.3718 mark. A day chart and
H1 chart with triple EMA confirm slightly bearish trend for the time being. A sustained
close above $1.3745 on H1 chart requires for the upside rally. Alternatively, current
downside movement will drag the parity down below $1.3700 mark.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11.2640S11.2570
R21.2667S21.2550
R31.2690S31.2520
R41.2722S41.2500
Conclusion
Buy Above1.2640
  – Take Profit1.2667
  – Stop Loss1.2590
Sell Below1.2590
  – Take Profit1.2550
  – Stop Loss1.2610
Commentary : The Canadian dollar falls gradually against U.S. dollar and stabilizes above
1.2600 mark. A day chart is bearish in long run while H1 chart confirm up trend for the
time being. A sustained close above 1.2640 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2590 will check key supports too.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R1110.96S1110.20
R2111.44S2109.57
R3111.72S3109.00
R4112.10S4108.40
Conclusion
Buy Above110.96
  – Take Profit111.27
  – Stop Loss110.50
Sell Below110.40
  – Take Profit110.10
  – Stop Loss110.96
Commentary : The Japanese yen continues to trade lower on Wednesday and touches
110.96 mark in Asian hours. The pair made intraday high at 110.96 and low at 110.27
mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time
being. A sustained close above 110.96 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 110.20 on H1 will check key supports.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R11692S11676
R21702S21670
R31708S31662
R41715S41656
Conclusion
Buy Above1692
  – Take Profit1699
  – Stop Loss1680
Sell Below1676
  – Take Profit1670
  – Stop Loss1692
Commentary : The gold depreciates drastically and touches $1,677 mark in Asian
hours. Today pair made intraday high at $1,686 and low at $1,677 mark. A day chart and
H1 chart with triple EMA confirm bearish trend for the time being. A sustained close
above $1,692 on H1 chart requires for the upside rally. Alternatively, current downside
movement will drag the parity down below $1,670 mark.
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