Daily Analysis Report - March 16, 2022
- 2. INDICATOR H1 Trend Neutral to Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT 1.09663 R1 1.10022 S1 1.09318 R2 1.10249 S2 1.09101 R3 1.10614 S3 1.08753 Time Frame: H1 EUR/USD www.fxcentro.com Comment: - EURUSD is above MA & below Pivot Point. RSI is above 50 level mark. Neutral to Up Trend is observed. - Descending Channel & Symmetrical Triangle are observed and price has made a high and is reversing from the Descending Channel upline. - Above 1.10022 (Candle Close) a fresh buy may be entered. - Alternative Scenario – Below 1.109318 an intraday down trend may start. - Watch out levels for intraday trading.
- 3. INDICATOR H1 Trend Up Trend U Above MA RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT 1.30436 R1 1.30782 S1 1.30102 R2 1.31012 S2 1.29884 63 1.31323 S3 1.29572 Time Frame: H1 GBP/USD Comment: - GBPUSD is above MA & Pivot Point. RSI above 50 level mark. Up Trend is observed. - Descending & Flat Channels have been formed and price is moving within the channel but the direction is upside. - Closing H1 Candle above 1.30909 may take price up. - Alternative Scenario – Down trend may be observed below 1.29976. - Watch out levels for intraday trading. www.fxcentro.com
- 4. INDICATOR H1 Trend Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT 1.27992 R1 1.28409 S1 1.27582 R2 1.28674 S2 1.27309 R3 1.29100 S3 1.26899 www.fxcentro.com Time Frame: H1 USD/CAD Comment: - USDCAD below MA and Pivot Point. RSI is below 50 level mark. Down Trend is observed. - Price is following an Ascending Channel and Symmetrical Triangle have been observed and price is trying check the bottom of the channel & triangle. - Below 1.27325 a fresh buy is advised. - Alternative Scenario – Trend reversal may be found above 1.27984. - Watch out levels for intraday trading.
- 5. INDICATOR H1 Trend Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT 118.148 R1 118.442 S1 117.855 R2 118.609 S2 117.697 R3 118.892 S3 117.383 Time Frame: H1 USD/JPY Comment: - USDJPY is above MA & Pivot Point. RSI is above 50 level. Up Trend is observed. - Price is moving in Ascending Channel and has checked the top of the Ascending Channel and is failed to break it. - For fresh buy, one can enter the trade above 118.525 (Candle Close). - Alternative Scenario – Breaking below 117.855 may take it further Downside. - Watch out levels for intraday trading. www.fxcentro.com
- 6. INDICATOR H1 Trend Reversing Down Trend Moving Average (Period=75) Above MA RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT 0.71963 R1 0.72196 S1 0.71721 R2 0.72343 S2 0.71584 R3 0.72586 S3 0.71351 www.fxcentro.com Time Frame: H1 AUD/USD Comment: - AUDUSD is above MA and Pivot Point. RSI is below 50 level. Reversing Down Trend is observed. - Price is following a Descending Channel and is moving within the Channel. A fresh sell is suggested below 0.71647 (If H1 Candle close below it). - Alternative Scenario – One can wait for it to break 0.72248. Above that intraday up trend may start. - Watch out levels for intraday trading.
- 7. INDICATOR H1 Trend Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT 1926.00 R1 1944.58 S1 1908.00 R2 1955.86 S2 1897.67 R3 1974.36 S3 1878.72 www.fxcentro.com Time Frame: H1 XAU/USD Comment: - XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend is observed. - Descending Channel is observed. Price is following the Channel & moving downward. - If price breaks 1908.00 a fresh downward movement will be seen. - Alternative Scenario – A fresh buy is suggested above 1937.00. - Watch out levels for intraday trading.
- 8. You! www.fxcentro.com Info@fxcentro.com Disclaimer: 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.