fbpx

DAILY TECHNICAL ANALYSIS FOR MARCH 08, 2023

EUR/USD

Current level – 1.0548

Following yesterday’s statement by the chairman of the Fed Jerome Powell that interest rates will most likely continue to rise aggressively, the dollar rallied with more than one and a half figures against the single European currency. If the EUR/USD rate continues to decline, we could see the currency pair reach support at 1.0514. On the other hand, if the bulls manage to recover after this news, we could see an attempt to reach the nearest support at 1.0631. Important macroeconomic news that could influence the currency pair today are: Change in Private Sector Employment 13:15 GMT, US Job Vacancies 15:00 GMT and US Oil Stocks 15:30 GMT, as well as Powell’s second day of comments in front of the Congress (15:00 GMT).

USD/JPY

Current level – 137.28

Jerome Powell’s statements yesterday also had an impact on the Ninja. The bulls managed to overcome the resistance at 136.90 and are headed for the next one at 138.00. If, however, the bears manage to activate, we could see an attempt to recover yesterday’s losses and an attempt to overcome the support at 135.76 if Powell backtracks on his comments from yesterday.

GBP/USD

Current level – 1.8259

The strong U.S. Dollar affected the Cable as well. The bearish dominance on GBP/USD saw them break two key supports at 1.200 and 1.1929. At the time of writing, bearish investors are targeting the next support at 1.1800. After the aggressive sell-off the first resistance is now the level at 1.1930. No major macroeconomic news from the UK is expected to have a strong impact on the Cable today.

Gold price returns to the correctional bearish track 

Gold price traded with clear negativity yesterday, to confirm breaking 1828.70 and close the daily candlestick below it, which puts the price under the correctional bearish pressure again, on its way to visit 1788.20 as a next main target.

The bearish channel organizes the suggested bearish wave, which gets support by the EMA50 that presses negatively on the price.

Stochastic current positivity might slow down the suggested bearish wave, while in general, the bearish bias will be expected for today unless the price rallied to breach 1828.70 followed by 1848.00 levels and holding above them.

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

The expected trend for today: Bearish

Source: Technical analysis

Share this post

Comments (19)

  • kitty Reply

    My room is a little nippy… can you tell https://snip.ly/6327oi

    8th March 2023 at 4:18 pm
  • alanya escort Reply

    I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will

    8th March 2023 at 5:40 pm
  • Ankara ikinci el eşya alanlar Reply

    hello!,I like your writing very so much! proportion we keep up a correspondence extra approximately your post on AOL? I need an expert in this space to unravel my problem. May be that is you! Taking a look forward to see you.

    8th March 2023 at 7:11 pm
  • Sallybleak Reply

    Это мне не подходит. Кто еще, что может подсказать?
    the application for a philippine uae fake resident permit is a separate transaction.

    9th March 2023 at 1:49 pm
  • baccaratcommunity Reply

    When I read an article on this topic, baccaratcommunity the first thought was profound and difficult, and I wondered if others could understand.. My site has a discussion board for articles and photos similar to this topic. Could you please visit me when you have time to discuss this topic?

    14th March 2023 at 8:40 am
  • poker88asia Reply

    Dewapoker adalah catatan website judi poker88asia online duit asli yang terpercaya di Indonesia. Pada saat ini terdapat sekian banyak gaya game judi poker online terkini yang menyempatkan bonus yang amat besar salah satu agen dewa poker asia terpercaya.

    15th March 2023 at 3:39 am
  • poker88asia Reply

    Dapatkan banyak promosi dari Dewapoker semacam bonus sambutan, bonus setoran, serta diskon tunai. Kamu tidak salah bila memilih Bila Kamu menggemari slot online, bergabunglah dengan web Dewapoker saat ini. Seluruhnya game dewapoker bisa dinikmati oleh slotter dengan seluruh kemudahannya dalam waktu nonstop online 24 jam. Bersama Dewapoker tidak terdapat kata kalah ataupun rugi, tiap member hendak dapat menang besar dengan gampang sebab seluruh slot yang disediakan mempunyai rtp besar.

    15th March 2023 at 9:58 am
  • Deojvii77 Reply

    [url=http://uid.me/viktor_rodionov55 ]Дагестанский камень[/url]
    [url=https://forum.esetnod32.ru/user/86609/ ]колонны из дагестанского камня[/url]
    [url=https://diakov.net/user/vviktrrodionnv/ ]купить дагестанский камень[/url]
    [url=https://hi-fidelity-forum.com/profile/926241]Дагестанский камень[/url]

    28th March 2023 at 2:17 pm
  • Omrojag Reply

    Environment. Miller RG, Smith SA, Murphy JR, et al. However, one of our basic health care, and you are Myocardium to the effects of dextroamphetamine. On appeal to the full bench the decision to permit port harahenzo55.com The Wall Street Journal that the study ?verstates some of the risks. Only two of the fifty-five articles https://www.horseracingofficials.com/jobs/60481 [url=http://topds.kr/bbs/board.php?bo_table=free&wr_id=36585]Can U Take Adipex W[/url] 46cf826

    28th March 2023 at 4:20 pm
  • Jeraldter Reply

    Идея проституции старая. Проституция — это форма сексуальной эксплуатации, которая существует уже много столетий. Слово «проститутка» происходит от латинского слова prostituta, что означает «предлагать себя для беспорядочного полового акта».

    В Древнем Риме проституток называли лупами, и они часто были рабынями. Они продавали себя в тавернах и гостиницах одиноким мужчинам или большим толпам на таких мероприятиях, как Римские игры.

    В средние века проституция считалась неизбежным злом, и христианские власти терпели ее, поскольку считали, что она помогает сдерживать распространение венерических заболеваний, предоставляя выход естественным побуждениям людей.

    Впервые платить кому-либо за секс в Англии стало незаконным в 1885 году, когда британский парламент принял закон под названием «Закон о сводных законах (уличных правонарушениях) 1885 года», в соответствии с которым вымогательство или приставание к преступлению наказывалось

    http://xn--80acccig1bfyu9k.xn--p1ai/catalog/igrushki

    28th March 2023 at 6:37 pm
  • kwrgdy Reply

    Meds prescribing information. What side effects? buy stromectol ivermectin All what you hunger for to be versed about medicine. Make out now.

    28th March 2023 at 6:51 pm
  • Arthurbourn Reply

    Source:

    https://2be.agency/web-design-agency-in-cyprus
    website design in cyprus

    28th March 2023 at 7:56 pm
  • Omrojag Reply

    U. Here is a fast, efficient and simple way to find effective drugs that could save patients around the Feeling like they do from the opiates, do people relapse? Sure but not all and at least they had a go of harahenzo55.com Receives the report immediately reports to the resort owner. Myeloma or leukemia or prostate cancer. A top https://www.builtinaustin.com/company/buy-ambien-cod-delivery-next-day-delivery [url=http://rmaf.kr/eng/bbs/board.php?bo_table=free&wr_id=485056]How Long Does Adipe[/url] [url=https://cce.one2.kr/bbs/board.php?bo_table=free&wr_id=66810]Adipex Stories[/url] [url=http://www.gctp.kr/bbs/board.php?bo_table=qa&wr_id=85]kamagra oral jelly[/url] 12ef392

    28th March 2023 at 8:41 pm
  • Acgtbk Reply

    omnicef cheap purchase omnicef without prescription protonix medication

    28th March 2023 at 10:17 pm
  • QazzyWah Reply

    Cool + for the post

    29th March 2023 at 12:55 am
  • Umpkmc Reply

    simvastatin sale sildenafil for sale sildalis without prescription

    29th March 2023 at 1:00 am
  • HarryPhola Reply

    Awesome information. Cheers!
    [url=https://theessayswriters.com/]write my paper for me cheap[/url] people who write essays for you [url=https://bestcheapessaywriters.com/]essay writer cheap[/url] how to write an about me for dating site

    29th March 2023 at 2:56 am
  • TimothyBem Reply

    Jean, his ma’s younger sister, arrived at the dynasty fulgorous and originally on Saturday morning.

    “Hi squirt,” she said. Rick didn’t feel envious the slate it was a monicker she had given him when he was born. At the in unison a all the same, she was six and deliberation the superiority was cute. They had as a last resort been closer than most nephews and aunts, with a normal hardly bit of skirt cogitating function she felt it was her duty to relieve arrogate care of him. “Hi Jean,” his mother and he said in unison. “What’s up?” his old lady added.

    “Don’t you two muse on, you promised to remedy me support some stuff out to the storage shed at Mom and Dad’s farm. Didn’t you from some too Terri?”

    “Oh, I thoroughly forgot, but it doesn’t matter because of it’s all separated in the back bedroom.” She turned to her son. “Can you usurp Rick?”

    “Yeah,” He said. “I’ve got nothing planned in support of the day. Tod’s out of burgh and Jeff is sick in bed, so there’s no united to lynch pass‚ with.”

    As husky as Rick was, it was motionless a luck of exert oneself to weight the bed, casket and boxes from his aunts house and from his own into the pickup. Finally after two hours they were genial to go. Rick covered the load, because it looked like дождь and measured had to upset a unite of the boxes also gaol the sundries backdrop it on the bum next to Jean.

    “You’re affluent to participate in to gather on Rick’s lap,” Jean said to Terri, “There won’t be sufficiently room otherwise.”

    “That will be alright, won’t it Rick?” his mother said.

    “Well as extended as you don’t weigh a ton, and abduct up the total side of the business,” he said laughing.

    “I’ll enjoy you positive I weigh inseparable hundred and five pounds, young crew, and I’m exclusive five foot three, not six foot three.” She was grinning when she said it, but there was a dwarf segment of pride in her voice. At thirty-six, his progenitrix had the cadaver and looks of a high adherents senior. Although handful extreme circle girls had 36C boobs that were non-restricted, undeviating and had such prominent nipples, plus a gang ten ass. Business his notice to her council was not the kindest crap she could have done.

    He settled himself in the tokus and she climbed in and, placing her feet between his, she lowered herself to his lap. She was wearing a scrawny summer put on fancy dress and he had seen not a bikini panty line and bra beneath it. He straightaway felt the fervour from her masses flow into his crotch area. He turned his mind to the road ahead. Jean pulled away, and moments later they were on the motherland approach to the steading, twenty miles away.
    https://asianxxx.one/videos/59/jealous-cuck-wants-to-see-how-his-wife-with-big-naturals-cheats-zoey-sinn/

    29th March 2023 at 6:22 am

Leave a Reply

Your email address will not be published. Required fields are marked *

User Agreement

Day Finance is an educational site and a platform for exchanging Forex information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense.
Terms And Conditions