Daily Trading Analysis 29.03.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY U.S.: Consumer sentiment has improved sharply: US, University of Michigan: March, final Consumer Sentiment Index 84.9 vs. prelim 83.0 / forecast 83.6 / and pre. 76.8, the best result since March 2020, but it's still far from pre-survey levels; Assessment of current economic conditions 93.0 vs. prelim 91.5 / forecast / and pre. 86.2, the highest since March 2020; 6-month consumer expectations of 79.7 vs. prelim/projection 77.5 and forecast 70.7 - also at highs since March 2020; 1-year inflation expectations 3.1% vs. 3.1% forecast and pre. 3.3% in February, 3.0% in January, and 2.5% in December - the indicator has begun to stabilize after rising for several months; 5-10-year inflation expectations 2.8% vs. 2.7% and 2.7%. Our Analysis: Provided that the currency pair is traded below 109.80, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 109.53 Take Profit 1: 109.30 Take Profit 2: 109.10 Alternative scenario: In case of breakout of the level 109.80, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 109.80  Take Profit 1: 110.00 Take Profit 2: 110.20 Learn More Trading Analysis of Dow Jones 30 Index U.S. stock indices rose on Friday, led by the technology and financial sectors. The S&P 500 and Dow indices ended the week higher on the rebalancing of investment portfolios at the end of the quarter as investors move into assets that are expected to benefit amid renewed economic activity. The Dow Jones index rose 0.42% to 32,755.67 points. Our Analysis: Provided that the index is traded above 32330.00 , follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 32960.00 Take Profit 1: 33250.00 Take Profit 2: 33620.00 Alternative scenario: In case of breakdown of the level 32330.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 32330.00  Take Profit 1: 32030.00 Take Profit 2: 31650.00 Learn More Fundamental Trading Analysis of Boeing  With the commercial aviation industry set to begin a multi-year recovery, it's wise to start thinking about which aerospace stocks could profit. Considering Boeing's dominance in the industry, it's probably the first logical candidate for inquiring investors. With that in mind, let's look at where Boeing might be in the next several years. Our Analysis: While the price is above 223.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 244.00 Take Profit 1: 277.70 Take Profit 2: 291.00 Alternative scenario: If the level 223.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 223.20  Take Profit 1: 201.90 Take Profit 2: 188.90 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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