Daily trading analysis 10 March 2022 - Find current and future trends with analysis

 

 

 

 

 

 

Here's today's directional view from Trading Central's global research analysis! This is a starting point for starting your own analysis to identify opportunities that make sense to you. As seen? Feel free to share this with friends! 

Please note that due to market volatility, some key levels may have been reached and scenarios executed.

 

USD/CAD intraday: key short term resistance at 1.2845.

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USD/CAD.
Pivot point (cancellation rate) : 1.2845

Our preference: short positions below : 1.2845 with targets : 1.2785 & 1.2765 within the range.

Alternative scenario: above : 1.2845, the next upside targets are : 1.2870 & 1.2900.

Technical picture: the upside potential is likely to be limited by the resistance at : 1.2845.

Support and Resistance:

• 1.2900

• 1.2870

• 1.2845

• 1.2823 Last Price

• 1.2785

• 1.2765

• 1.2750

 

 

 

 Intraday AUD/USD: the main short-term resistance at 0.7330.

AUD/USD

 Pivot point (cancellation rate) : 0.7330

Our Preference: short positions below : 0.7330 with targets : 0.7280 & 0.7260 in the range.

Alternative scenario: above : 0.7330, the next upside targets are : 0.7350 & 0.7370.

Technical note: as long as the resistance at:  0.7330 is not broken, the risk of a decline below : 0.7280 remains high.

Support and Resistance:

• 0.7370

• 0.7350

• 0.7330

• 0.7302 Last Price

• 0.7280

• 0.7260

• 0.7240
  

 

 

 

 

 

 

 

 

 

 

  USD/JPY intraday: further gains.

USD/JPY

 Pivot point (cancellation rate) : 115.75

Our preference: long positions above : 115.75 targeting : 116.30 & 116.45 within the range.

Alternative scenario: below : 115.75 then the next downside target is towards : 115.60 & 115.45.

Technical description: RSI is bullish and indicates further gains.

Support and Resistance:

• 116.60

• 116.45

• 116.30

• 116.07 Last Price

• 115.75

• 115.60

• 115.45

 

 

 

 

 GBP/USD intraday: attention.

 
 GBP/USD

 Pivot point (cancellation rate) : 1.3135

Our preference: long positions above : 1.3135 targeting : 1.3190 & 1.3210 within the range.

Alternative scenario: below : 1.3135 the next downside target is towards : 1.3110 & 1.3085.

Technical comments: intraday technical indicators are mixed and require attention.

Support and Resistance:

• 1.3230

• 1.3210

• 1.3190

• 1.3151 Last Price

• 1.3135

• 1.3110

• 1.3085
  

 

 

 

 

 

 

 

 

 

 

RISK WARNING ON TRADE,!!!

Trading on margin is a product that uses a leverage mechanism, carries a high risk and cannot be guaranteed to be suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment, therefore beware of parties that provide guaranteed profits in trading. You are advised not to use these funds if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also take your experience into account.

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