Daily Trading Analysis 30.03.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF At the end of the meeting on monetary policy the Swiss central bank took a widely expected decision to maintain the status quo: Key interest rate was left at -0.75%; The franc remains heavily overvalued; The SNB will remain active in the foreign exchange market if necessary; The pandemic continues to have a severe adverse effect on the economy; Inflation forecast for 2021 0.2% (pre. 0.0%); For 2022 0.4% (pre. 0.2%); For 2023 0.5%; GDP forecast for 2021 2.5% - 3.0%; Economic activity should return to pre-crisis levels in the 2nd half of 2021; Economic and inflation forecasts still carry a high level of uncertainty. Our Analysis: Provided that the currency pair is traded above 0.9380, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9392 Take Profit 1: 0.9405 Take Profit 2: 0.9415 Alternative scenario: In case of breakdown of the level 0.9380, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9380  Take Profit 1: 0.9370 Take Profit 2: 0.9360 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed Monday's trading multidirectional due to the strengthening of the utilities, telecommunications and health care sectors. The market demonstrates some uncertainty on the background of the negative dynamics from the oil and gas, financial and industrial sectors. The Dow Jones was up 0.30 percent at the close on the New York Stock Exchange, hitting an all-time high. Our Analysis: Provided that the index is traded above 12720.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12979.00 Take Profit 1: 13175.00 Take Profit 2: 13300.00 Alternative scenario: In case of breakdown of the level 12720.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12720.00  Take Profit 1: 12625.00 Take Profit 2: 12500.00 Learn More Fundamental Trading Analysis of Facebook  It's no secret that almost all of Facebook's revenue comes from one source: advertising. For many, the business is synonymous with social media, and its platforms (Facebook, Instagram, WhatsApp) have billions of users worldwide, which underpins its high-margin business model. While Facebook's advertising business has made it one of the most profitable and valuable businesses in the world, CEO Mark Zuckerberg sees his brainchild growing into another company in the future. During Facebook's fourth-quarter earnings report call, Zuckerberg introduced his vision for the company's immediate future to shareholders: Our Analysis: Provided that the company is traded above 286.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 290.09 Take Profit 1: 297.00 Take Profit 2: 299.00 Alternative scenario: In case of breakdown of the level 286.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 286.00 Take Profit 1: 282.00 Take Profit 2: 280.00 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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