Daily Trading Analysis 15.03.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD According to the RBC analysts, commenting on the results of the Bank of Canada's monetary policy meeting that ended, the Central Bank confirmed that the economy showed better-than-expected robustness in the second wave of the pandemic. Experts believe that the Canadian economy will return to full capacity in 2022, sooner than the regulator had forecast (the CB January estimate: 2023). Our Analysis: Provided that the currency pair is traded below 1.2520, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2474 Take Profit 1: 1.2430 Take Profit 2: 1.2400 Alternative scenario: In case of breakout of the level 1.2520, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2520 Take Profit 1: 1.2545 Take Profit 2: 1.2570 Learn More Trading Analysis of GOLD/USD Investors injected into stocks while withdrawing money from gold and bonds in the week ended March 10, BofA data showed Friday. The BofA weekly report showed investors invested $31.5 billion in stocks, while $1.8 billion was withdrawn from gold and $15.4 billion from bonds. Our Analysis: Provided that the price is above 1715.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1725.00 Take Profit 1: 1740.00 Take Profit 2: 1747.00  Alternative scenario: In case of breakdown of the level 1715.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1715.00 Take Profit 1: 1707.00 Take Profit 2: 1698.00 Learn More Fundamental Trading Analysis of Procter & Gamble  As you know, Procter & Gamble stock is currently one of the worst performers in the S&P 500 this year. The stock briefly dropped more than 10% in early March and is still down compared to the same period last year. The dynamics on a larger scale look even worse. P&G is up just 6% over the past year, compared to a 35% gain in the broader market. Our Analysis: Provided that the price is above 125.00, follow these recommendations: Time frame: D1 Recommendation: long position Entry point: 128.00 Take Profit 1: 132.90 Take Profit 2: 135.00  Alternative scenario: In case of breakdown of the level 125.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 121.50 Take Profit 2: 119.50 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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