Daily Analysis Report March 24 2021

1. Daily Analysis Report
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24 March, 2021

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. Dollar strengthens sharply against major peers a er posi ve Tes mony by Fed Chair Powell, Asian stock markets in red, gold hovers
around $1,730 mark
Key Headlines:
• New Zealand trade balance stands at 181M vs -647M previous release.
• Australia flash manufacturing PMI stands at 57.0 vs 56.9 previous release.
• Australia flash services PMI stands at 56.2 vs 53.4 previous release.
• Japan SPPI y/y stands at -0.1 vs -0.4 previous release.
• Australia goods trade balance stands at 8.10B vs 8.18B previous release.
• Japan flash manufacturing PMI stands at 52.0 vs 51.4 previous release (expected 51.3).
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. CPI, previous 0.7, expected 0.8.
• (0700 GMT/1230 IST) U.K. Core CPI, previous 1.4, expected 1.4.
• (0815 GMT/1345 IST) France final services PMI, previous 45.6, expected 45.5.
• (0815 GMT/1345 IST) France final manufacturing PMI, previous 56.1, expected 56.4.
• (0830 GMT/1400 IST) German final services PMI, previous 45.7, expected 46.4.
• (0830 GMT/1400 IST) German final manufacturing PMI, previous 60.7, expected 60.4.
• (0900 GMT/1430 IST) Euro final services PMI, previous 45.7, expected 46.1.
• (0900 GMT/1430 IST) Euro final manufacturing PMI, previous 57.9, expected 57.5.
• (0930 GMT/1500 IST) U.K. final services PMI, previous 49.5, expected 51.1.
• (0930 GMT/1500 IST) U.K. final manufacturing PMI, previous 55.1, expected 55.0.
• (1230 GMT/1800 IST) U.S. Durable goods orders, previous 3.4, expected 0.7.
• (1230 GMT/1800 IST) U.S. Core durable goods orders, previous 1.3, expected 0.6.
• (1345 GMT/1915 IST) U.S. final services PMI, previous 59.8, expected 60.1.
• (1345 GMT/1915 IST) U.S. final manufacturing PMI, previous 58.6, expected 59.6.
Economic Events Ahead:
• (1400 GMT/1930 IST) U.S. Fed Chair Powell’s Tes mony Day 02.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 92.37 points.

3. AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7630 S1 0.7576
Buy Above 0.7630
0.7652
0.7594
0.7590
0.7568
0.7632
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.7682 S2 0.7540
R3 0.7713 S3 0.7502
R4 0.7753 S4 0.7478
Conclusion
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Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
Commentary
AUD/USD: The Aussie weakens noticeably on Wednesday and touches $0.7594 mark in
early Asia. It is the lowest level since Feb 05, 2021. A day chart is about to give
successful crossover for the bearish trend while H1 chart with triple EMA has already
confirmed the down trend for the time being. A sustained close above $0.7630 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7576 will
check further supports.

4. EUR / USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
R1 1.1862 S1 1.1838
Buy Above 1.1862
1.1890
1.1840
1.1838
1.1802
1.1862
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1890 S2 1.1802
R3 1.1927 S3 1.1777
R4 1.1940 S4 1.1750
Conclusion
Commentary
EUR/USD: The euro weakens on Wednesday and slips back below $1.1850 mark. The
pair made intraday high at $1.1853 and low at $1.1836. Today triple EMA on a day and
H1 chart signal down trend for the time being. A consistent close above $1.1862 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1838 on H1
will check further supports.

5. GBP /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
R1 1.3740 S1 1.3675
Buy Above 1.3740
1.3762
1.3715
1.3700
1.3675
1.3740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3762 S2 1.3660
R3 1.3790 S3 1.3643
R4 1.3822 S4 1.3564
Conclusion
Commentary
GBP/USD: The pound depreciates sharply ahead of U.K.’s CPI results and hovers
around $1.3700 mark on Wednesday. The pair made intraday high at $1.3757 and low at
$1.3704 mark. Triple EMA on a day and H1 chart confirm bearish trend for the time
being. A sustained close above $1.3740 on H1 chart requires for the upside rally. On the
other hand, consistent close below $1.3700 on H1 will test further supports too.

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
MARCH,
R1 1.2610 S1 1.2580
Buy Above 1.2610
1.2640
1.2580
1.2575
1.2549
1.2610
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2640 S2 1.2549
R3 1.2667 S3 1.2520
R4 1.2690 S4 1.2500
Conclusion
Commentary
USD/CAD: The Canadian dollar continues to trade lower against U.S. dollar and jumps
back above 1.26 mark. A day chart confirms bearish trend for long run while H1 chart
with triple EMA confirms the uptrend for the time being. A sustained close above 1.2610
on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2580
will check key supports too.
Trends Up Trend

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
R1 109.28 S1 108.40
Buy Above 108.75
109.00
108.50
108.40
108.00
108.75
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 109.56 S2 108.00
R3 109.82 S3 107.58
R4 110.22 S4 107.32
Conclusion
Commentary
USD/JPY: The Japanese yen erases previous loss against U.S. dollar and trades
marginally higher on Wednesday at 108.52 mark. The pair made intraday high at 108.64
and low at 108.45 mark. The triple EMA on a day chart confirms up trend in long run
while H1 chart suggests the down trend for the time being. A sustained close above
108.75 on H1 chart requires for the upside rally. Alternatively, a consistent close below
108.40 on H1 will check key supports.

8. XAU /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
MARCH,
R1 1737 S1 1726
Buy Above 1734
1742
1722
1726
1718
1740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1742 S2 1722
R3 1748 S3 1715
R4 1754 S4 1708
Conclusion
Commentary
XAU/USD (GOLD): The gold trades slightly up after hawkish Fed Chair Powell’s
Testimony. The parity consolidates around $1,730 mark. Today pair made intraday high
at $1,734 and low at $1,723 mark. A day chart and H1 chart confirm bearish trend for the
time being. A sustained close above $1,737 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,726 on H1 will test further supports too.
Today’s U.S. session is full of key fundamental and Testimony’s day 02. High market
volatility is expected during the U.S. session.

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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