Five safe trading opportunities during the day


During today's trading, we will not be trading on any of the British pound pairs in anticipation of sharp moves due to the expected British vote. Following the markets we found five safe trading opportunities for daily trading as follows

Australian vs. Canadian Analysis of Daily Trading
The pair is currently trading above the 15-day average with a positive RSI and a clear recovery from the oversold condition that the pair has faced as concerns over the extension of OPEC's cut production agreement.

During intraday trading we notice strong support for the pair at 0.9400 zones while the initial resistance at 0.94510 and the second resistance at 0.9481

Trading Recommendation
Buy the pair from 0.94305
Stop loss 0.93757
Take the first profit 0.94510
Make the second profit for the remaining contracts at 0.9481

Analysis of the Australian dollar against the US dollar for daily trading
The pair is currently trading from yesterday's sell-off but started to show a clear positive signal on the RSI with the pair having the highest daily support at 0.7055 and targeting the initial resistance area of ​​0.7095 which makes our outlook positive for the pair today.

Trading Recommendation
Buy the pair from 0.70745
Stop loss 0.70450
Take Profit 0.70955

Analysis of the Australian versus Japanese Yen for daily trading
The pair is currently trading above the 15-day averages with a clear positive on the RSI and its highest support area 78.75 targeting the initial resistance area 79.10


Trading Recommendation
Buy the pair from 78.95
Stop Loss 78.406
Make a profit 79.117


NZD / JPY Analysis of Daily Trading
The pair is trading at 76.25 areas, trying to turn the last decline into a correction wave to re-target the main resistance areas which declined during yesterday's trading at 76.58 based on the first support at 76.13 while the strongest support at 75.30

Trading Recommendation
Buy the pair from the current areas 76.26
Stop Loss 75.71
Take Profit 76.48


NZD / USD Technical Analysis |
The pair is currently trading at 0.68351 in an attempt to confirm the retest of the initial resistance area 0.6859 and end the downtrend we encountered during the Asian session based on strong support at 0.6779 with a limited positive on the RSI

Trading Recommendation
Buy the pair from the current areas 0.68351
Stop loss 0.67793
Take Profit 0.68568



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Five safe trading opportunities during the day Five safe trading opportunities during the day Reviewed by DR HISHAM M YOUNES on March 19, 2019 Rating: 5

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