Daily Technical Analysis Report - March 15

1. Economic Calendar
Time Currency News Impact Expectation
06:00 am AUD RBA Meeting
Minutes
High -
12:30 am GBP Claimant Count
Change FEB
Medium -25k
12:30 pm GBP Unemployment
Rate JAN
High 4.1%
03:30 pm EUR ZEW Economic
Sentiment Index
MAR
Medium 15
03:30 pm EUR Industrial
Production MoM
JAN
Medium 0.4%
05:45 pm CAD Housing Starts FEB Medium 220K
06:00 pm USD PPI MoM FEB High 1.1%
06:00 pm USD Core PPI MoM FEB High 0.9%

2. AUD/USD TREND: Neutral
Technical Outlook:
AUD/USD fell more than 100 pips in the previous session. Traders flipped near the important
support-turned resistance 0.7180. Further, the pair remains pressured below 0.7270.
Indicators Daily chart Status
RSI 44.0 Bearish
STOCHASTIC 15 Bearish
MACD Above midline Bullish
200 EMA 0.7300 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.7185 0.7155 0.7125 0.7205

3. NZD/USD TREND: Neutral
Technical Outlook:
NZD/USD continue to fell down continued from the highs of 0.6927 made on March 7. The pair is
now consolidating near the crucial support level. A daily close below 0.6740 will bring 0.6650 in play.
Indicators Daily chart Status
RSI 48 Bearish
STOCHASTIC 32 Bearish
MACD Above midline Bullish
200 EMA 0.6875 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6745 0.6715 0.6685 0.6775

4. EUR/USD TREND: Bearish
Technical Outlook:
EUR/USD after testing the multi-month lows at 1.0805 recovered quickly and continue to
consolidate in a range of 1.0890-1.0990. Bulls attempt to reclaim the 1.100 mark.
Indicators Daily chart Status
RSI 40 Bearish
STOCHASTIC 36 Bearish
MACD Below mid line Bearish
200 EMA 1.1440 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0980 1.1010 1.1040 1.0950

5. GBP/USD TREND: Bearish
Technical Outlook:
GBP/USD formed an ‘inverted hammer’ in the previous session. A green candle follows the next day
that confirms further bounce back toward 1.3110.
Indicators Daily chart Status
RSI 31 Bearish
STOCHASTIC 9 Bearish
MACD Below midline Bearish
200 EMA 1.3500 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Bearish 1.3035 1.3075 1.3105 1.3005

6. USD/JPY TREND: Bullish
Technical Outlook:
On the daily chart, USD/JPY is continuously riding higher while testing multi-month and attempt
toward 118.50.
Indicators 5-hour chart Status
RSI 72 Bullish
STOCHASTIC 98 Bullish
MACD Above midline Bullish
200 EMA 112.85 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 118.30 118.60 118.90 118.0

7. USD/CAD TREND: Mild Bullish
Technical Outlook:
USD/CAD faces multiple rejections near 1.2850. The pair retreated from the highs of 1.2880 on
March 8 but downside remains capped.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 73 Bullish
MACD Above midline Bullish
200 EMA 1.2630 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2820 1.2850 1.2880 1.2780

8. USD/CHF TREND: Bullish
Technical Outlook:
USD/CHF trades with modest gains in today’s session. The pair retreated few pips from the highs of
0.9399.
Indicators Daily chart Status
RSI 64 Bullish
STOCHASTIC 93 Bullish
MACD Above midline Bullish
200 EMA 0.9190 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9375 0.9405 0.9435 0.9345

9. GOLD TREND: Neutral
Technical Outlook:
XAU/USD is under the formation of ‘three black crows’ as it is heading toward $1,920 in the coming
session.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 31 Bullish
MACD Above midline Bullish
200 EMA $1,837 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,940 $1,930 $1,920 $1,950