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.|