Market Analysis For Daily Trading on March 28, 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!


 

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

 

 

 

  • USD/CAD intraday: up.

  • USD/CAD

 Pivot point (cancellation rate) : 1.2470

Our preference: long positions above : 1.2470 target 1.2515 & 1.2535 within the range.

Alternative scenario: below : 1.2470 the next downside target is towards : 1.2450 & 1.2430.

Technical description: RSI has just been in the neutral area at the point of 50% and continues to increase.

Support and Resistance:

  • 1.2555
  • 1.2535
  • 1.2515
  • 1.2494 Last Price
  • 1.2470
  • 1.2450
  • 1.2430

 


 

 

 

 

 

  •  GBP/JPY intraday: upward direction opens for 161.26 to become support


  • GBP/JPY

Our pivot point is at : 161.26

Our preference: upward direction opens for : 161.26 to become support

Alternative scenario: if it breaks down from : 161.26 then the next directions are 160.60 and 160.20.

Comments: RSI (momentum indicator) is above 50. MACD (deviation direction indicator) is above the signal line and is positive. What's more, the price is currently above the 20 and 50 moving averages (located at 161.10 and 160.84, respectively) Finally, the price is above the higher Bollinger band.

Support & Resistance:

  • 163.98
  • 163.59
  • 163.19
  • 162.80
  • 161.92 Last Price
  • 161.52
  • 161.26
  • 160.60
  • 160,20

 

 

 

 

 

 

 

 

 

 

  •  intraday AUD/JPY: upward direction opens for 92 to become support

  • AUD/JPY

92.00 is our pivot point

Our preference: upward direction is open as long as 92 becomes support

Alternative scenario: if it breaks below 92 then the next direction is 91.62 and 91.40.

Comments: RSI (momentum indicator) is overbought (>70). MACD (deviation direction indicator) is above the signal line and is positive. What's more, the price is currently above the 20 and 50 moving averages (at 91.87 and 91.64, respectively) Finally, the price is above the higher Bollinger band.

Support & Resistance:

  • 93.61
  • 93.39
  • 93.16
  • 92.94
  • 92.47 Last Price
  • 92.14
  • 92.00
  • 91.62
  • 91.40


 

 

 

 

 

  •  Intraday AUD/USD: the main short-term resistance at 0.7525.

 

  • AUD/USD

Pivot point (cancellation rate) : 0.7525

Our preference: short positions below : 0.7525 with targets : 0.7490 & 0.7475 within the range.

Alternative scenario: above : 0.7525, the next upside targets are : 0.7540 & 0.7555.

Technical Note: as long as the resistance at : 0.7525 is not broken, the risk of a decline below : 0.7490 remains high.

Support and Resistance:

  • 0.7555
  • 0.7540
  • 0.7525
  • 0.7505 Last Price
  • 0.7490
  • 0.7475
  • 0.7460

 

 

 

 

 

 

 

 

 

 

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 who 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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