Daily Trading Analysis 26.03.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD Reuters reports comments from RBA deputy governor Debelle, who said that the central bank will not raise rates until inflation has settled in the 2-3% range. "So far, that's not expected to happen until 2024," Debelle added. - If we didn't provide stimulus, we would get a much stronger currency appreciation." Our Analysis: Provided that the currency pair is traded above 0.7580, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7612 Take Profit 1: 0.7655 Take Profit 2: 0.7680 Alternative scenario: In case of breakdown of the level 0.7580, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7580 Take Profit 1: 0.7560 Take Profit 2: 0.7540 Learn More Trading Analysis of S&P 500 Index U.S. stock indices closed Thursday's trading higher after an initial decline. The Standard & Poor's 500 rose 20.38 points (0.52%) to 3909.52 points. Stocks of companies that depend on the easing of restrictions related to the coronavirus pandemic, including airline carriers and cruise operators, showed strong gains. Our Analysis: Provided that the index is traded above 3853.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3909.00 Take Profit 1: 3955.00 Take Profit 2: 3983.00 Alternative scenario: In case of breakdown of the level 3853.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3853.00  Take Profit 1: 3820.00 Take Profit 2: 3779.00 Learn More Fundamental Trading Analysis of Walmart Walmart is the world's largest retail company, as well as the best one in terms of revenue. As for the business, Walmart is one of the best in the world, making $22.5 billion in operating profits. But the company's stock has performed the only average recently, notwithstanding remarkable extension in its e-commerce business, and it is moving toward a similar acquisition of Flipkart in 2018, the largest e-commerce business in India. The company has only equaled the S&P 500 over the past three to five years, even though the company has delivered solid comparable sales growth, increased its market share, and boosted its e-commerce business. Our Analysis: While the price is above 126.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 132.42 Take Profit 1: 139.20 Take Profit 2: 142.60 Alternative scenario: If the level 126.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 126.50  Take Profit 1: 120.90 Take Profit 2: 117.60 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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