Daily Trading Analysis 25.03.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD As stated by the president of the Federal Reserve Bank of San Francisco M. Daly: The U.S. economy still needs support, it still has a long way to go before it reaches target levels; Expects the economy to bounce back strongly in the fall and then slow down; Refuses to answer when she expects rate hikes to begin; "we will need a lot of patience." Doesn't note much pressure on wages at all; We're not going to roll back stimulus in advance; We will wait until inflation reaches target levels on a sustainable basis; Inflation may be too low rather than too high in the next 10 years. Our Analysis: Provided that the currency pair is traded above 0.6950, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.6981 Take Profit 1: 0.7020 Take Profit 2: 0.7039 Alternative scenario: In case of breakout of the level 0.6950, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.6950  Take Profit 1: 0.6918 Take Profit 2: 0.6899 Learn More Trading Analysis of GOLD/USD Gold prices rose on Wednesday as a decline in U.S. Treasury bond yields and worries about lockdowns in the eurozone boosted demand for the safe-haven asset, although a stronger dollar limited the upside potential for the precious metal. Our Analysis: Provided that the price is below 1739.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1734.00 Take Profit 1: 1727.00 Take Profit 2: 1723.00  Alternative scenario: In case of breakout of the level 1739.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1739.00 Take Profit 1: 1743.00 Take Profit 2: 1747.00 Learn More Fundamental Trading Analysis of General Electric General Electric's tipping point is gaining momentum as key businesses improve, while the industrial giant continues to reduce its debt load. Does this mean investors should pay close attention to GE stock? General Electric has more than doubled from a low of 5.48 in May 2020, which came at a time when a pandemic wiped out the global airline and jet engine market. Our Analysis: While the price is below 14.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 12.66 Take Profit 1: 11.30 Take Profit 2: 10.70 Alternative scenario: In case of breakout of the level 14.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 14.00 Take Profit 1: 15.10 Take Profit 2: 15.80 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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