Market Analysis For Daily Trading on March 22, 2022


 

 

 

 

 

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: key short term resistance at 1.2610.

 

  • USD/CAD

Pivot point (cancellation rate) : 1.2610

Our preference: short positions below : 1.2610 with targets : 1.2580 & 1.2565 within the range.

Alternative scenario: above : 1.2610, the next upside targets are : 1.2625 & 1.2640.

Technical description: as long as : 1.2610 becomes resistance, look for volatile price movements with a bearish bias.

Support and Resistance:

  • 1.2640
  • 1.2625
  • 1.2610
  • 1.2595 Last Price
  • 1.2580
  • 1.2565
  • 1.2550

 


 

 

 

 

 

  • AUD/USD intraday: 0.7355 expected.

  • AUD/USD

Pivot point (cancellation rate) : 0.7400

Our Preference: short positions below : 0.7400 with targets : 0.7370 & 0.7355 within the range.

Alternative scenario: above : 0.7400, the next upside targets are : 0.7420 & 0.7435.

Technical description: RSI is bearish and needs further declines.

Support and Resistance:

  • 0.7435
  • 0.7420
  • 0.7400
  • 0.7380 Last Price
  • 0.7370
  • 0.7355
  • 0.7340

 

 

 

 

 

 

 

  •  USD/JPY intraday: further gains.

  • USD/JPY

Pivot point (cancellation rate) : 119.50

Our preference: long positions above : 119.50 target : 120.10 & 120.35 within the range.

Alternative scenario: below : 119.50 then the next downside target is towards : 119.30 & 119.10.

Technical description: RSI is bullish and indicates further gains.

Support and Resistance:

  • 120.60
  • 120.35
  • 120,10
  • 119.89 Last Price
  • 119.50
  • 119.30
  • 119.10

 

 

 

 

 

 

 

 

 

 

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.

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.

1 comments:

  1. Investing online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly in cryptocurrency(bitcoin) investment,just get in contact with Mr Bernie Doran my broker. I had almost given up on everything about binary trading and never getting my lost funds back, till i met with him, with his help and guidance now i have my lost funds back to my bank account, gained more profit and I can now trade successfully with his profitable strategies and software!!
    Reach out to him on Telegram: @bernie_doran_fx or +1(424)285-0682 for inquires

    ReplyDelete