Daily TA & Trade Ideas – 18th Mar 2021
$index collapsed on FOMC wiping out 3 days of small gains to keep us in a sideways trend.
Gold we have an important buy signal on the break above 1745. Longs need stops below 1739.
| AUDUSD | Key resistance at 7835/45. Shorts need stops above 7850. |
| AUDUSD | 7770/60 for profit taking on shorts. |
| CADJPY | important 100 month moving average resistance around these highs |
| USDJPY | important resistance at 109.00/10 again today. BUY ABOVE 109.35 |
| USDJPY | minor support at 108.80/70 & at 108.35/25 |
| EURJPY | important resistance at 130.55/75. Shorts need stops above 131.00. |
| EURJPY | best support for today at 129.40/30, stops below 129.15. |
| EURUSD | we are short at key resistance at 1.1990/1.2000 |
| EURUSD | 200 day moving average support at 1.1850/40. stops below 1.1825. |
| Gold | buy 1745/40 with stops below 1737. |
| Dax June | buy 14600/570 with stops below 14530. |
| NZDCAD | 200 day moving average support at 8940 |
| EURAUD | 9 year trend line, 200 wma support 1.5450/00, stops below 1.5230 |
