Daily Trading Analysis 16.03.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD Responding to concerns from the International Monetary Fund (IMF), New Zealand Finance Minister Grant Robertson said the government will address the issue of inflated house prices in the coming weeks and discussions about the 2021 budget later this year. However, Robertson refrained from mentioning possible steps to be taken to solve the problem. Our Analysis: Provided that the currency pair is traded below 0.7225, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7196 Take Profit 1: 0.7154 Take Profit 2: 0.7135 Alternative scenario: In case of breakout of the level 0.7225, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7225 Take Profit 1: 0.7257 Take Profit 2: 0.7276 Learn More Trading Analysis of S&P 500 Index The U.S. stock indices closed Monday's trading with a moderate gain, having recovered the losses of the early session. The Dow Jones Industrial Average and the S&P 500 reached new record highs amid investors' optimism about the renewal of the U.S. economic activity. The Dow Jones Industrial Average index rose 174.82 points (0.53%) to 32953.46 points, reaching a record closing level for the fourth straight session. Our Analysis: Provided that the index is traded above 3915.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3932.00 Take Profit 1: 3990.00 Take Profit 2: 4100.00 Alternative scenario: In case of breakdown of the level 3915.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3915.00 Take Profit 1: 3869.00 Take Profit 2: 3850.00 Learn More Fundamental Trading Analysis of Alphabet  2021 has just begun, but many are already wondering if now is the perfect time for Google stock to finally outperform other FANG stocks. It seems that investors enjoyed fourth-quarter earnings and the outlook for GOOGL stock for 2021 more than those of its rivals. Our Analysis: While the price is above 2003.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2057.00 Take Profit 1: 2150.00 Take Profit 2: 2260.00 Alternative scenario: If the level 2003.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2003.00 Take Profit 1: 1953.00 Take Profit 2: 1810.00 Learn More ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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