Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:50 am JPY Balance of Trade
Mar
Medium -100B
01:00 pm EUR Industrial
Production MoM
Feb
Medium 0.3%
01:00 pm EUR Balance of Trade Medium -29B
04:30 pm CAD Inflation Rate MoM
Mar
High 6%
06:00 pm USD Existing Home Sales
Mar
Medium 5.9M
02:30 pm EUR Inflation Rate YoY
Flash Mar
High 6.4%

2. AUD/USD TREND: Neutral
Technical Outlook:
AUD/USD manages to stays above 0.7410 with underlying bullish momentum. However, the buyers
face some challenge near the mentioned level as is a critical resistance spot.
Indicators Daily chart Status
RSI 50 Bullish
STOCHASTIC 22 Bearish
MACD Below midline Bearish
200 EMA 0.7340 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.7410 0.7440 0.7470 0.7380

3. NZD/USD TREND: Bearish
Technical Outlook:
On the daily chart, NZD/USD oscillates near 0.6750 as it briefly touched the lows around 0.6720 in
the previous session. We could expect a sharp recovery toward 0.6800 and above in the coming few
session.
Indicators Daily chart Status
RSI 40 Bearish
STOCHASTIC 14 Bearish
MACD Below midline Bearish
200 EMA 0.6860 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6750 0.6780 0.6810 0.6720

4. EUR/USD TREND: Bearish
Technical Outlook:
EUR/USD continues to move in the downside channel with mild recovery in the previous session. The
gains were extended in the initial Asian session too. The pair reclaim the coveted 1.0800 mark.
Expect a bounce back in the price.
Indicators Daily chart Status
RSI 38 Bearish
STOCHASTIC 19 Bearish
MACD Below mid line Bearish
200 EMA 1.1350 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0810 1.0840 1.0870 1.0780
.

5. GBP/USD TREND: Bearish
Technical Outlook:
GBP/USD forms a ‘morning star’ candlestick pattern on the daily chart. This is a bullish formation. As
the price bounced back toward the 1.3050 level.
Indicators Daily chart Status
RSI 42 Bearish
STOCHASTIC 32 Bearish
MACD Below midline Bearish
200 EMA 1.3420 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.3035 1.3065 1.3095 1.3005

6. USD/JPY TREND: Bullish
Technical Outlook:
USD/JPY took a breather near 129.50 as bulls failed to extend the gains beyond. But still the price
holds above the 128.50 that makes bulls hopeful. Although profit booking is expected in the spot.
Indicators Daily chart Status
RSI 83 Bullish
STOCHASTIC 89 Bullish
MACD Above midline Bullish
200 EMA 113.30 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 128.70 128.40 128.10 129.0

7. USD/CAD TREND: Bearish
Technical Outlook:
USD/CAD buyers face selling pressure near the higher levels around 1.2650 and above. A daily close
below 1.2580 will bring more downside in the spot in the coming few sessions.
Indicators Daily chart Status
RSI 48 Bearish
STOCHASTIC 66 Bearish
MACD Below midline Bearish
200 EMA 1.2630 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2590 1.2560 1.2530 1.2620

8. USD/CHF TREND: Bullish
Technical Outlook:
USD/CHF gained more than 100-pip in the previous session. Now, the CHF buyers taking some rest
the selling momentum dragged the price near the 0.9500 mark.
Indicators Daily chart Status
RSI 70 Bullish
STOCHASTIC 90 Bullish
MACD Above midline Bullish
200 EMA 0.9220 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9510 0.9480 0.9450 0.9540

9. GOLD TREND: Neutral
Technical Outlook:
XAU/USD fell sharply in the previous session, wiping out all the gains. Moreover, it broke the
psychological $1,950 mark on the daily basis. We expect the price could test $1,920 in the coming
few sessions.
Indicators Daily chart Status
RSI 49 Bearish
STOCHASTIC 9 Bearish
MACD Above midline Bullish
200 EMA $1,831 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,945 $1,935 $1,925 $1,955