English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT MARCH 16 2022
AUD / USD
| Commentary : The Aussie trades in narrow range on Wednesday and consolidates around $0.7200 mark. Today pair made intraday high at $0.7210 and low at $0.7180 mark. A day chart is up and H1 chart with triple EMAsuggests down trend for the time being. Asustained close above $0.7230 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7171 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7230 | S1 | 0.7171 |
| R2 | 0.7255 | S2 | 0.7150 |
| R3 | 0.7272 | S3 | 0.7115 |
| R4 | 0.7299 | S4 | 0.7100 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7230 | Sell Below : 0.7168 | ||
| – Take Profit : 0.7265 | – Take Profit : 0.7137 | ||
| – Stop Loss : 0.7202 | – Stop Loss : 0.7205 | ||
EUR / USD
| Commentary : The euro trades slightly up in early Asia and remains well supported above $1.0950 mark. The pair made intraday high at $1.0977 and low at $1.0947 mark. Today triple EMAon a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0982 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0950 on H1 chart will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0982 | S1 | 1.0950 |
| R2 | 1.1005 | S2 | 1.0902 |
| R3 | 1.1022 | S3 | 1.0876 |
| R4 | 1.1054 | S4 | 1.0850 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0992 | Sell Below : 1.0940 | ||
| – Take Profit : 1.1030 | – Take Profit : 1.0901 | ||
| – Stop Loss : 1.0952 | – Stop Loss : 1.0972 | ||
GBP / USD
| Commentary : The sterling moves in rigid boundaries and consolidates around $1.3050 mark. Today pair made intraday high at $1.3057 and low at $1.3025 mark. Aday chart and H1 chart with triple EMA suggest bearish trend for the time being. Asustained close above $1.3072 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3030 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3072 | S1 | 1.3030 |
| R2 | 1.3096 | S2 | 1.2998 |
| R3 | 1.3122 | S3 | 1.2981 |
| R4 | 1.3154 | S4 | 1.2955 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3072 | Sell Below : 1.3021 | ||
| – Take Profit : 1.3120 | – Take Profit : 1.2980 | ||
| – Stop Loss : 1.3037 | – Stop Loss : 1.3058 | ||
USD / CAD
| Commentary : The CAD trades in narrow range on Wednesday ahead of Canada’s CPI data and stabilizes around $1.2760 mark. Pair made intraday high at 1.2775 and low at 1.2755 mark. Today a day chart is up and H1 chart with triple EMAsuggests down trend for the time being. Asustained close above 1.2781 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2750 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2781 | S1 | 1.2750 |
| R2 | 1.2800 | S2 | 1.2721 |
| R3 | 1.2815 | S3 | 1.2690 |
| R4 | 1.2840 | S4 | 1.2662 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2781 | Sell Below : 1.2750 | ||
| – Take Profit : 1.2815 | – Take Profit : 1.2715 | ||
| – Stop Loss : 1.2755 | – Stop Loss : 1.2780 | ||
USD / JPY
| Commentary : The Japanese yen takes halt around 118.45 mark but remain well supported above 118.00 mark. The pair made intraday high at 118.42 and low at 118.20 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 118.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 117.90 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 118.50 | S1 | 117.90 |
| R2 | 118.76 | S2 | 117.65 |
| R3 | 118.99 | S3 | 117.34 |
| R4 | 119.28 | S4 | 117.00 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 118.45 | Sell Below : 118.00 | ||
| – Take Profit : 118.81 | – Take Profit : 117.57 | ||
| – Stop Loss : 118.10 | – Stop Loss : 118.31 | ||
GOLD
| Commentary : Gold weakens drastically ahead of U.S. FOMC Meetings due today at 1800 GMT and remains well supported below $1,920 mark. Today pair made intraday high at $1,924 and low at $1,915 mark. Atriple EMAon a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,924 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,911 will check further supports. Traders eye U.S. FOMC Meeting due tomorrow. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1924 | S1 | 1911 |
| R2 | 1930 | S2 | 1906 |
| R3 | 1936 | S3 | 1898 |
| R4 | 1942 | S4 | 1891 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1924 | Sell Below : 1911 | ||
| – Take Profit : 1932 | – Take Profit : 1901 | ||
| – Stop Loss : 1917 | – Stop Loss : 1918 | ||
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
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.