Daily TA & Trade Ideas – 16th Mar 2021
NZDCAD hits 200 day moving average support at 8940. The MA has been excellent support for the last year. A bullish candle formed yesterday for a buy signal.
EURJPY 15 month trend line is more worth trading I think, with resistance at around 130.60/80.
AUDJPY potential double top at the 500 week moving average at 84.35.
AUDJPY green 500 week moving average has been a good support/ resistance line in the past & in February there were a lot of sellers there as you see from the shooting star candle.
This could be one to buy small and forget about for a few weeks – EURAUD tests 9 year trend line PLUS 200 week moving average support at 4.5450/00 . Look at the bounce last month!! You’ll need stops below 1.5230 though.
| AUDUSD | first resistance at 7745/55, strong resistance at 7780/90 |
| AUDUSD | 7715/10 for profit taking on shorts. |
| NZDUSD | Key resistance at 7235/45, stops above 7260. |
| NZDUSD | buying opportunity at 7115/7005, with stops below 7090. |
| NZDUSD | buy at 7115/7005, with stops below 7090. |
| USDJPY | important resistance at 109.00/10 again today. BUY ABOVE 109.35 |
| USDJPY | Be ready to sell a break below 108.65 targeting 108.25/20. |
| USDJPY | best support for today at 108.35/25 |
| EURJPY | important resistance at 130.55/75. Shorts need stops above 131.00. |
| EURJPY | strong support at 129.60/50. Longs need stops below 129.40. |
| EURUSD | first resistance at 1.1930/40, 2nd resistance at 1.1990/1.2000 |
| EURUSD | strong support at 1.1845/35. Try longs with stops below 1.1825. |
| USDCAD | first resistance at 1.2505/15, 2nd resistance at 1.2250/55. |
| GBPUSD | resistance at 1.3990/1.4010. A break higher targets 1.4060/70 |
| GBPUSD | buying opportunity at 1.3805/1.3795, with stops below 1.3765. |
| Emini S&P | beat the all time high at 3954/58 for a buy signal (& this is support today). |
| Nasdaq | 50 day moving average resistance at 13150/200 |
| Gold | Buy at 1685/80, with stops below 1675. |
| Gold | key resistance at 1740/45. Buy a break above here for 1753/58. |
| Dax March | buying opportunity at 14380/350, with stops below 14320. |
| Nasdaq | buy 12790/750. Try longs with stops below 12700. |
| Nasdaq | key resistance at 13150/200. A break higher is a buy signal. |
