Daily trading analysis 21 March 2022 - Find current and future trends with analysts







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!



www.fxxprofit.com


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





USD/CAD intraday: watch 1.2585.

  • USD/CAD

Pivot point (cancellation rate) : 1.2620

Our Preference: short positions below : 1.2620 with targets : 1.2585 & 1.2570 within the range.

Alternative scenario: above : 1.2620, next upside targets are : 1.2640 & 1.2660.

Technical note: a drop below : 1.2585 will trigger a decline towards : 1.2570.

Support and Resistance:

  • 1.2660
  • 1.2640
  • 1.2620
  • 1.2600 Last Price
  • 1.2585
  • 1.2570
  • 1.2555








Intraday AUD/USD: bullish bias above 0.7385.

  • AUD/USD

Pivot point (cancellation rate) : 0.7385

Our preference: long positions above : 0.7385 target : 0.7430 & 0.7450 within the range.

Alternative scenario: below : 0.7385 the next downside target is towards : 0.7365 & 0.7345.

Technical note: although the continuation of the consolidation cannot be ruled out, the range should be limited.

Support and Resistance:

  • 0.7470
  • 0.7450
  • 0.7430
  • 0.7407 Last Price
  • 0.7385
  • 0.7365
  • 0.7345













USD/JPY intraday: bullish bias above 119.00.

  • USD/JPY
Pivot point (cancellation rate) : 119.00

Our preference: long positions above : 119.00 target : 119.40 & 119.60 within the range.

Alternative scenario: below : 119.00 then the next downside target is towards : 118.85 & 118.70.

Technical note: although the continuation of the consolidation cannot be ruled out, the range should be limited.

Support and Resistance:
  • 119.80
  • 119.60
  • 119.40
  • 119.17 Last Price
  • 119.00
  • 118.85
  • 118.70








GBP/USD intraday: under pressure.

  • GBP/USD
Pivot point (cancellation rate) : 1.3190

Our preference: short positions below : 1.3190 with targets : 1.3145 & 1.3125 within the range.

Alternative scenario: above : 1.3190, the next upside targets are : 1.3210 & 1.3230.

Technical description: RSI has no upward momentum.

Support and Resistance:
  • 1.3230
  • 1.3210
  • 1.3190
  • 1.3164 Last Price
  • 1.3145
  • 1.3125
  • 1.3105
  •  







EUR/USD intraday: the main short-term resistance at 1.1070.

  • EUR/USD
Pivot point (cancellation rate) : 1.1070

Our preference: short positions below : 1.1070 with targets : 1.1020 & 1.1000 in the range.

Alternative scenario: above : 1.1070, the next upside targets are : 1.1095 & 1.1120.

Technical note: as long as the resistance at : 1.1070 is not broken, the risk of a decline below : 1.1020 remains high.

Support and Resistance:
  • 1.1120
  • 1.1095
  • 1.1070
  • 1.1045 Last Price
  • 1.1020
  • 1,1000
  • 1.0980











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 and 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.

Share on Google Plus

About fxxprofit

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.

0 comments:

Post a Comment