Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:00 am JPY Unemployment
Rate FEB
High 2.8%
03:20 am JPY BOJ Summary of
Opinions
High -
04:00 am AUD Retail Sales MoM
Prel FEB
High 1%
12:00 pm GBP BOE Consumer
Credit FEB
High $0.8B
05:30 pm USD JOLTs Job Openings
MAR
Medium 11.1 M

2. AUD/USD TREND: Bullish
Technical Outlook:
AUD/USD is hovering inside a short-term trading range of 0.7470 and 0.7550. A little retracement
could be utilized to explore the further buying opportunities.
Indicators Daily chart Status
RSI 63 Bullish
STOCHASTIC 84 Bullish
MACD Above midline Bullish
200 EMA 0.7300 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.7475 0.7505 0.7535 0.7445

3. NZD/USD TREND: Bullish
Technical Outlook:
The formation of a ‘Doji’ candlestick near 0.6900 indicates buyers are still in the game. After the
recent consolidation the price is ready to shoot up again.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 64 Bullish
MACD Above midline Bullish
200 EMA 0.6875 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6900 0.6930 0.6960 0.6870

4. EUR/USD TREND: Neutral
Technical Outlook:
On the daily chart, EUR/USD is continue to slide in a negative zone with downside capped near
1.0950. A daily close below 1.0980 will accelerate the selling toward 1.0910.
Indicators Daily chart Status
RSI 42 Bullish
STOCHASTIC 57 Bearish
MACD Below mid line Bearish
200 EMA 1.1430 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0990 1.0990 1.1020 1.0960

5. GBP/USD TREND: Bearish
Technical Outlook:
GBP/USD failed to sustain above 1.3190 as selling pressure intensifies. The pair took support near
1.3050. A break below this level will trigger more selling in the pair. However, the formation of a
‘Doji’ candlestick shows some bottom buying can emerge.
Indicators Daily chart Status
RSI 39 Bearish
STOCHASTIC 32 Bearish
MACD Below midline Bearish
200 EMA 1.3470 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.3090 1.3120 1.3150 1.3060

6. USD/JPY TREND: Bullish
Technical Outlook:
USD/JPY jumps 200-pip in a single session and tested multi-year highs above 125.0.Some profit
booking could be expected near the higher levels as price retraced below 125.0.
Indicators 5-hour chart Status
RSI 81 Bullish
STOCHASTIC 80 Bullish
MACD Above midline Bullish
200 EMA 113.30 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 123.35 123.05 122.85 123.65

7. USD/CAD TREND: Bearish
Technical Outlook:
USD/CAD continues to fall since March 16 from the highs of 1.2902. Now, the formation of a Doji
candlestick indicates some indecision among traders. Sellers might be exhausted near 1.2500.
Indicators Daily chart Status
RSI 39 Bearish
STOCHASTIC 12 Bearish
MACD Below midline Bearish
200 EMA 1.2630 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2520 1.2490 1.2460 1.2550

8. USD/CHF TREND: Neutral
Technical Outlook:
USD/CHF retraced toward the 61.8% Fibonacci retracement level at 0.9318. The price recovered
from the 0.9259.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 40 Bearish
MACD Above midline Bullish
200 EMA 0.9190 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9330 0.9360 0.9390 0.9300

9. GOLD TREND: Neutral
Technical Outlook:
XAU/USD is struggling near $1,920 as bulls lack conviction to trade higher. However, the downside is
capped near $1,900. A daily close below the mentioned mark will bring lower levels into play.
Indicators Daily chart Status
RSI 48 Bearish
STOCHASTIC 25 Bearish
MACD Above midline Bullish
200 EMA $1,831 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,925 $1,915 $1,905 $1,935