Daily-Analysis-Report-March-11-2021

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11 March, 2021
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Euro trades almost flat ahead of ECB’s Interest Rate Decision, Asian stock markets in green, gold back above $1,730 mark
Key Headlines:
• U.S. Federal budget balance stands at -310.9B vs -162.8B previous release (expected -298.6B).
• New Zealand FPI stands at -0.9 pct vs 1.3 pct previous release.
• Japan PPI stands at -0.7 pct vs -1.5 pct previous release (expected -0.7).
• Australia MI infla on expecta ons stand at 4.1 pct vs 3.7 pct previous release.
• U.K. RICS house price balance stands at 52 pct vs 49 pct previous release (expected 46 pct).
• The Australian government come up with a A$1.2 billion tourism support package on Thursday to boost travel industry.
• South Korea PM Chung Sye kyun - South Korea will extend vaccina on for people aged 65 years and older with AstraZeneca’s coronavirus vaccine to ramp up
its immuniza on drive.
• The U.S. House of Representa ves gave final approval on Wednesday to one of the largest economic s mulus measures in American history.
• BOC held its key overnight rate steady, also reiterated that interest rates would remain at a record low 0.25% ll 2023 and kept the current pace of its bond-
buying program.
Economic Data Ahead:
• (1245 GMT/1815 IST) Euro Interest Rate decision, previous 0.0, expected 0.0.
• (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 745K, expected 730K.
• (1500 GMT/2030 IST) U.S. JOLTS job openings, previous 6.65M, expected 6.65M.
Economic Events Ahead:
• (1330 GMT/1900 IST) Euro ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.05% to 91.78 points.

3. AUD / USD
BUY SELL
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MARCH,
2
021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7744
R2 S2
0.7782
R3 S3
0.7806
R4
Commentary
S4
0.7822
Buy Above 0.77504
0.77795
0.77196
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77085
0.76792
0.77399
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie rises gradually against U.S. dollar and remains well supported above
$0.77 mark. A day and H1 chart suggest bullish trend in short run. A sustained close above
$0.7744 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7698
will check further supports.
0.7674
0.7625
0.7599
0.7563

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1935
R2 S2
1.1974
R3 S3
1.2001
R4
Commentary
S4
1.2044
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-
Time Frame: H1
EUR/USD: The euro trades almost flat on Thursday ahead of ECB’s interest rate decision. Today
triple EMA on a day confirms the bearish trend but H1 chart signals up trend in short run. A
consistent close above $1.1935 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1875 on H1 will check further supports.
EUR / USD
1.1875
1.1838
1.1802
1.1777
Buy Above 1.19502
1.19826
1.19149
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.18978
1.18673
1.19302
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3952
R2 S2
1.3998
R3 S3
1.4032
R4
Commentary
S4
1.4061
Buy Above 1.39521
1.39860
1.39190
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.39007
1.38647
1.39367
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound appreciates noticeably against U.S. dollar and stabilizes above $1.3900
mark. The pair made intraday high at $1.3940 and low at $1.3913 mark. Triple EMA on a day and
H1 chart suggests up trend for the time being. A sustained close above $1.3952 on H1 chart
requires for the upside rally. On the other hand, consistent close below $1.3887 on H1 will test
further supports too.
USD
1.3887
1.3816
1.3750
1.3702
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2
021

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2632
R2 S2
1.2693
R3 S3
1.2740
R4
Commentary
S4
1.2776
Buy Above 1.26380
1.26617
1.26007
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.25882
1.25586
1.26229
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar appreciated sharply as BOC kept interest rate unchanged and
showed some optimism on economy recovery. A day and H1 chart with triple EMA confirms the
bearish trend for the time being. A sustained close above 1.2632 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 1.2610 will check key supports too.
USD /CAD
1.2610
1.2583
1.2555
1.2521
MARCH,
2
021

7. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
108.87
R2 S2
109.20
R3 S3
109.56
R4
Commentary
S4
109.82
Buy Above 108.784
109.094
108.445
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.250
107.964
108.586
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Thursday and remains well supported
above 108.30 mark. The pair made intraday high at 108.58 and low at 108.34 mark. The triple
EMA on a day chart suggests the bullish trend while H1 signals slightly downside trend for the
time being. A sustained close above 108.62 on H1 chart requires for the upside rally. Alternatively,
a consistent close below 108.36 on H1 will check key supports.
USD /JPY
108.36
107.86
107.58
106.90
MARCH,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1740
R2 S2
1748
R3 S3
1754
R4
Commentary
S4
1762
Buy Above 1735.76
1744.24
1726.09
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1720.48
1713.24
1728.86
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold rose sharply in previous session as U.S. released Core CPI data
with negative numbers while CPI data with flat numbers. Today pair made intraday high at $1,735
and low at $1,723 mark. A sustained close above $1,738 on a day chart requires for the upside
rally. Alternatively, reversal from here will drag the parity down below $1,708 mark. Today’s U.S. is
again empty and therefore high volatility is expected during the U.S. session. A day chart with
triple EMA confirms the bearish trend while H1 chart gives bullish trend confirmation In short run.
XAU [GOLD]
USD
/
1722
1715
1708
1698
MARCH,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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