Daily trading analysis 31 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! 


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





  • Intraday AUD/USD: the main short-term resistance at 0.7520.

  • AUD/USD
Pivot point (cancellation rate) : 0.7520

Our preference: short positions below : 0.7520 with targets : 0.7490 & 0.7475 within the range.

Alternative scenario: above : 0.7520, the next upside targets are : 0.7535 & 0.7550.

Technical note: a drop below : 0.7490 will trigger a decline towards : 0.7475.

Support and Resistance:
  • 0.7550
  • 0.7535
  • 0.7520
  • 0.7505 Last Price
  • 0.7490
  • 0.7475
  • 0.7460






  • USD/CAD intraday: target 1.2530.

  • USD/CAD
Pivot point (cancellation rate) : 1.2475

Our preference: long positions above : 1.2475 target : 1.2515 & 1.2530 within the range.

Alternative scenario: below : 1.2475 then the next downside target is towards : 1.2460 & 1.2445.

Technical description: RSI is bullish and needs further gains.

Support and Resistance:
  1. 1.2545
  • 1.2530
  • 1.2515
  • 1.2499 Last Price
  • 1.2475
  • 1.2460
  • 1.2445











  • USD/JPY intraday: bias remains bullish.

  • USD/JPY

Pivot point (cancellation rate) : 121.75

Our preference: long positions above : 121.75 target : 122.45 & 122.70 within the range.

Alternative scenario: below : 121.75 the next downside target is towards : 121.50 & 121.30.

Technical description: technically, the RSI is above 50%.

Support and Resistance:

  • 122.95
  • 122.70
  • 122.45
  • 122.14 Last Price
  • 121.75
  • 121.50
  • 121.30






  • GBP/USD intraday: watch 1.3125.


  • GBP/USD

Pivot point (cancellation rate) : 1.3150

Our preference: short positions below : 1.3150 with targets : 1.3125 & 1.3110 within the range.

Alternative scenario: above : 1.3150, the next upside targets are : 1.3165 & 1.3180.

Technical note: a drop below : 1.3125 will trigger a decline towards : 1.3110.

Support and Resistance:

  • 1.3180
  • 1.3165
  • 1.3150
  • 1.3134 Last Price
  • 1.3125
  • 1.3110
  • 1.3090







  • EUR/USD intraday: strength dominates.

  • EUR/USD
Pivot point (cancellation rate) : 1.1145

Our preference: long positions above : 1.1145 target : 1.1200 & 1.1220 within the range.

Alternative scenario: below : 1.1145 the next downside target is towards : 1.1120 & 1.1095.

Technical description: technically, the RSI is above 50%.

Support and Resistance:
  • 1.1240
  • 1.1220
  • 1.1200
  • 1.1177 Last Price
  • 1.1145
  • 1.1120
  • 1.1095










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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