Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:00 AM AUD Westpac Consumer
Confidence Change
MAR
High -4.2% (actual)
03:20 AM JPY GDP Growth Rate
QoQ Final Q4
High 1.1% (actual)
05:30 AM AUD RBA Gov Lowe
Speech
High -
06:30 pm USD JOLTs Job Opening
JAN
Medium 10.8 Million

2. AUD/USD TREND: Neutral
Technical Outlook:
AUD/USD manages to stay above psychological 0.7250 level thus indicating price will consolidate in a
range before moving higher to the swing highs of 0.7430.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 53 Bullish
MACD Above midline Bullish
200 EMA 0.7301 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.7255 0.7285 0.7315 0.7225

3. NZD/USD TREND: Neutral
Technical Outlook:
NZD/USD hovers near the crucial 0.6800 level. A close above sessions high of 0.6820 will bring
0.6870 in play.
Indicators Daily chart Status
RSI 59 Bullish
STOCHASTIC 61 Bullish
MACD Above midline Neutral
200 EMA 0.6865 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6800 0.6830 0.6860 0.6770

4. EUR/USD TREND: Neutral
Technical Outlook:
EUR/USD experienced bounce back to 1.0900 as the pair approached oversold condition on the daily
charts. An acceptance above 1.1050 is a perquisite to be out of the woods.
Indicators Daily chart Status
RSI 30 Bearish
STOCHASTIC 20 Bearish
MACD Below midline Bearish
200 EMA 1.1480 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0910 1.0940 1.0970 1.0880

5. GBP/USD TREND: Neutral
Technical Outlook:
On the daily chart, after testing the lows of 1.3081 pair rebound toward the 1.3100 mark. For the
time being, GBP/USD is expected to move in a range of 1.3110-1.3150.
Indicators Daily chart Status
RSI 28 Bearish
STOCHASTIC 7 Bearish
MACD Below midline Bearish
200 EMA 1.3590 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.3110 1.3140 1.3170 1.3080

6. USD/JPY TREND: Bullish
Technical Outlook:
On the daily chart, the USD/JPY forms ‘three white soldier’ pattern. A bullish formation in the pair
that could test the 116.0 mark and above in the coming few sessions.
Indicators Daily chart Status
RSI 57 Bullish
STOCHASTIC 89 Bullish
MACD Above midline Bullish
200 EMA 112.65 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 115.70 116.0 116.30 115.30

7. USD/CAD TREND: Neutral
Technical Outlook:
USD/CAD forms a ‘Doji’ candlestick after a run up of nearly 300 pips from the lows of 1.2586. A
retracement is expected from the above levels.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 91 Bullish
MACD Above midline Bullish
200 EMA 1.2650 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2900 1.2870 1.2840 1.2930

8. USD/CHF TREND: Neutral
Technical Outlook:
On the daily chart, the USD/CHF enters some profit booking in the Asian session. Long position can
be initiated near the session’s lower levels.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 81 Bullish
MACD Above midline Bullish
200 EMA 0.9185 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9280 0.9310 0.9340 0.9250

9. GOLD TREND: Bullish
Technical Outlook:
XAU/USD took a breather near $2,060 after a spectacular movement in the previous session. We
expect a range bound movement before a directional basis.
Indicators Daily chart Status
RSI 81 Bullish
STOCHASTIC 88 Bullish
MACD Above midline Bullish
200 EMA $1,820 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $2,045 $2,055 $2,065 $2,035