Equiti Securities Currencies Brokers LLC Letterhead English-95

Equiti Securities Currencies Brokers LLC
Economic and fundamental developments 20-3-2023

• The US dollar index fell to trade near 103.78 points.
• Gold prices fell slightly to trade at the levels of 19900 dollars
• Oil prices fell during morning trading, as Brent is trading at $72, down 0.61%, while WTI fell to $65, down 0.52%.
• After the failure of the Swiss National Bank's borrowing plan, UBS decides to buy Credit Suisse for $3.25 billion.
• Markets are awaiting several important data expected to be released this week, perhaps the most prominent of
which is the US Federal Reserve meeting.
Equiti Securities Currencies Brokers LLC is incorporated in Dubai, United Arab Emirates under registration number 1642447, and is regulated by
UAE SCA under license number 20200000026.
support.ae@equiti.com | +971 4 5638311 | Lamborghini Building, Floor 2, Sheikh Zayed Road, Dubai, 117814, United Arab Emirates
Smart Reports
How they work:
Every day we outline a scenario that our technical analysis suggests has a 60-75% chance of happening. Should
this not occur, we offer a second scenario we believe to have 60-75% probability if the first scenario does not
happen.
The second scenario comes online only if the price of the security quoted falls below the maximum price given
in the second scenario. If this happens, the first scenario is no longer ‘live’.
These reports and analysis are not intended to replace your own analysis; independent research is
recommended.
XAUUSD20 Mar Trend: Up

Time frame: 60 mins
Current Price: 1991.05
Scenario one: Buy gold around 1985.00 with a target price of 2006.00
Alternative: Sell gold around 1976.00 with a target price of 1955.00
Comment: Trading above the support line and moving averages favors the rise
XAGUSD20 Mar Trend: Up

Time frame: 60 mins
Scenario one: Buy silver around 22.08with a target price of 22.70

Alternative: Sell silver around 21.81with a target price of 21.30
WTI USOILROLL20 Mar Trend: Down

Time frame: 60 mins
Scenario one: Sell Oil around 67.06with a target price of 64.05

Alternative: Buy Oil around 67.96 with a target price of 71.03
Comment: Trading below the resistance and moving averages favors the fall.
WTI USOILJ3 Future Contract20 Mar Trend: Down

Time frame: 60 mins

Alternative: Buy Oil around 67.93with a target price of 69.96
BRENT UKOILLROLL20 Mar Trend: Down

Time frame: 60 mins
Current Price:72.28
Scenario one: Sell Oil around 70.93with a target price 69.94

Alternative: Buy Oil around 73.88with a target price of 76.92
BRENT UKOILK3 Future Contract20 Mar Trend: Down

Time frame: 60 mins

Alternative: Buy Oil around 73.92with a target price of75.93
EURUSD20 Mar Trend: Up

Time frame: 60 mins
Scenario one: Buy the pair around 1.0653with a target price of 1.0735
Alternative: Sell the pair around 1.0611with a target price of 1.0529
GBPUSD20 Mar Trend: Up

Time frame: 60 mins
Scenario one: Buy the pair around 1. 2164with a target price of 1.2265
Alternative: Sell the pair around 1. 2114with a target price of 1.2013
USDJPY20 Mar Trend: Down

Time frame: 60 mins
Scenario one: Sell the pair around 132.12with a target price of 131.02
Alternative Buy the pair around 132.86with a target price of 133.99
US30 20Mar Trend: Down

Time frame: 60 mins
Scenario one: Sell the index around 31909.00 with a target price of 31504.00
Alternative: Buy the index around 32113.00 with a target price of 32524.00
US500 20Mar Trend: Down

Time frame: 60 mins
Alternative Buy the index around 3927.00 with a target price of 3966.00
UT100 20Mar Trend: Down

Time frame: 60 mins
DE30 (Dax) 20Mar Trend: Down

Time frame: 60 mins
JP225 (Nikkei) 20Mar Trend: Down

Time frame: 60 mins
UK100 (FTSE100) 20Mar Trend: Down

Time frame: 60 mins
EU50 (EURO Stoxx 50) 20Mar Trend: Down

Time frame: 60 mins
VIXRoll 20Mar Trend: Up

Time frame: 60 mins
Scenario one: Buy the index around 24.97 with a target price of 26.48
Alternative: Sell the index around 24.20with a target price of 22.69
USDCHF20 Mar Trend: Up

Time frame: 60 Mins
Alternative Sell the pair around 0. 9228with a target price of 0.9176
USDCAD20 Mar Trend: Up

Time frame: 60mins
Alternative: Sell the pair around 1. 3643with a target price of 1.3563
AUDUSD20 Mar Trend: Down

Time frame:60mins
Scenario one: Sell the pair around 0.6688 a target price of 0.6627
Alternative: Buy the pair around 0.6720 a target price of 0.6782
NZDUSD20 Mar Trend: Down

Time frame:60mins
Scenario one: Sell the pair around 0. 6254with a target price of 0.6203
Alternative: Buy the pair around 0. 6279with a target price of 0.6330
GBPJPY20 Mar Trend: Down

Time frame: 60 mins
Alternative: Buy the pair around 161.30with a target price of 162.40
EURJPY20 Mar Trend: Down

Time frame: 60 mins
Alternative: Buy the pair around 141.35with a target price of 142.40
EURGBP20 Mar Trend: Down

Time frame: 60 mins
Scenario one: Sell the pair around 0. 8761with a target price of 0.8720
Alternative: Buy the pair around 0. 8780with a target price of 0.8821
The tools used in this technical analysis today:
Classical technical analysis is the basic of predicting price movements, which is derived from statistical and
computational studies. Classical technical analysis is based on price action, peaks and bottoms, along with price
channels, support and resistance, and much Fibonacci ratios are used .
Fibonacci ratios for use in the study of price movements, discovered by Leonardo Fibonacci in his statistical and
mathematical studies, tested for financial markets and price movements, and gave excellent results for the
prediction of wave propagation and wave interruption during the historical test stages .
The exponential moving averages are instrumental in determining price trends and can be followed to identify
intersections that cause potential change of direction. In addition, moving averages of different types represent
support and resistance .
AROON is a pointer that determines whether the price is moving in a channel or not, and the indicator also
identifies potential reversal points in directions and also shows how strong the trend is. Consists of the
ascending line and the descending line, and their divergence indicates a channel in favor of the upper line
between them, and their proximity indicates the possibility of reversal or trading in a weak direction .
The MACD is a momentum and oscillator, and exponential moving averages are used for its calculation, and the
convergence and divergence between these averages is calculated. Therefore, one of the most important
indicators used to integrate it between the measurement of torque and trends together .
Disclaimer:
Over-the-counter leveraged derivative contracts, including contracts for difference and spot foreign exchange, are complex financial
instruments. These instruments come with a high risk of losing money rapidly due to leverage. You should consider whether you understand
how these products work, whether you can afford to incur losses and whether you have the appropriate risk appetite. We recommend you seek
professional advice before investing.
Equiti Securities Currencies Brokers LLC, is a company incorporated with limited liability under the laws of the Emirate of Dubai, United Arab
Emirates (UAE), and the federal laws of the UAE, under registration number 1642447. Equiti Securities Currencies Brokers LLC’s registered address
is P.O. Box 117814, with Parcel ID 367-1014 (Lamborghini Building), Floor 2, Office 202, Dubai, UAE.
Equiti Securities Currencies Brokers LLC is regulated by the Securities and Commodities Authority of the UAE, as a Category 1 Trading Broker for
Over-the-Counter Derivatives Contracts and Foreign Exchange Spot Markets, under license number 20200000026.
We provide an execution-only service. We do not provide investment advice or management services. Any analysis, opinion, commentary or
research-based material in this e-mail is for information and educational purposes only and is not, under any circumstances, intended to be an
offer, recommendation, advice or solicitation to buy or sell.

Equiti Securities Currencies Brokers LLC Letterhead English-95

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Equiti Securities Currencies Brokers LLC Letterhead English-95

Uploaded by

Copyright:

Available Formats

Equiti Securities Currencies Brokers LLC

Economic and fundamental developments 20-3-2023

XAUUSD20 Mar Trend: Up

XAGUSD20 Mar Trend: Up

Scenario one: Buy silver around 22.08with a target price of 22.70

WTI USOILROLL20 Mar Trend: Down

Scenario one: Sell Oil around 67.06with a target price of 64.05

WTI USOILJ3 Future Contract20 Mar Trend: Down

Scenario one: Sell Oil around 67.07with a target price of 65.03

BRENT UKOILLROLL20 Mar Trend: Down

Scenario one: Sell Oil around 70.93with a target price 69.94

BRENT UKOILK3 Future Contract20 Mar Trend: Down

Scenario one: Sell Oil around 73.08with a target price of 71.10

EURUSD20 Mar Trend: Up

GBPUSD20 Mar Trend: Up

USDJPY20 Mar Trend: Down

US30 20Mar Trend: Down

US500 20Mar Trend: Down

UT100 20Mar Trend: Down

DE30 (Dax) 20Mar Trend: Down

JP225 (Nikkei) 20Mar Trend: Down

UK100 (FTSE100) 20Mar Trend: Down

EU50 (EURO Stoxx 50) 20Mar Trend: Down

VIXRoll 20Mar Trend: Up

USDCHF20 Mar Trend: Up

USDCAD20 Mar Trend: Up

AUDUSD20 Mar Trend: Down

NZDUSD20 Mar Trend: Down

GBPJPY20 Mar Trend: Down

EURJPY20 Mar Trend: Down

EURGBP20 Mar Trend: Down

The tools used in this technical analysis today:

You might also like