Daily Trading Analysis 19.03.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF The deputy head of the SNB Zurbrügg said in an interview with Blick: It is premature to talk about long-term rate changes; Negative rates, intervention in the foreign exchange market is still necessary; In the past year, the Central Bank has spent 100 billion SFR on interventions. Our Analysis: Provided that the currency pair is traded above 0.9260, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9278 Take Profit 1: 0.9290 Take Profit 2: 0.9305 Alternative scenario: In case of breakdown of the level 0.9260, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9260 Take Profit 1: 0.9240 Take Profit 2: 0.9215 Learn More Trading Analysis of GOLD/USD Gold prices moved lower on Thursday, retreating from a two-week high due to rising U.S. Treasury bond yields and a stronger dollar. Our Analysis: Provided that the price is below 1741.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1731.00 Take Profit 1: 1719.00 Take Profit 2: 1707.00  Alternative scenario: In case of breakout of the level 1741.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1741.00 Take Profit 1: 1747.00 Take Profit 2: 1756.00 Learn More Fundamental Trading Analysis of Walmart  Last year was pretty crazy for the stock market due to the coronavirus outbreak. In February and March of last year, indices fell more than 20%, but in the following 12 months, they skyrocketed. Our Analysis: While the price is above 128.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 131.00 Take Profit 1: 141.00 Take Profit 2: 144.00 Alternative scenario: If the level 128.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.00 Take Profit 1: 122.00 Take Profit 2: 119.00 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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