Daily Trading Analysis 31.03.2020

Technical & Fundamental analysis

Trading Analysis EUR/USD The main driver for markets will continue to be COVID-19 news, which will still influence the overall risk sentiment of global markets. Liquidity and volatility indicators will also remain important trading factors. In terms of macroeconomics, this week the U.S. will publish the NFP Labor Market Report and ISM Productivity Index. The results of these reports will already include the catastrophic impact of the coronavirus. Our Analysis: Provided that the currency pair is traded below 1.1060, follow the recommendations below: The timeframe: 30 min Recommendation: short position Entry point: 1.1020 Take Profit 1: 1.0980 Take Profit 2: 1.0950 Alternative scenario: In case of breakdown of the level 1.1020, follow the recommendations below: The timeframe: 30 min Recommendation: long position Entry point: 1.1020 Take Profit 1: 1.1105 Take Profit 2: 1.1145 Learn More Trading Analysis of USD / ZAR The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. Our Analysis: If the level of resistance is broken, you should follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 18.0700 Take Profit Level: 18.2200 (1500 pips) Alternative scenario:  If the price rebound from resistance level, you should follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 17.7500 Take Profit Level: 17.7000 (500 pips) Learn More Trading Analysis of Coca-Cola Last week, Coca-Cola Company shares showed good growth, with the share price up by more than 25%. This reverses a recent trend for the company as stocks fell 32.7% last month. The rise came after the shares were upgraded to a Buy rating along with a promising target price from HSBC's investment banker. Our Analysis: Provided that the asset is traded above 42.30, follow the recommendations below: The timeframe: H4 Recommendation: long position Entry point: 45.00 Take Profit 1: 47.50 Take Profit 2: 51.00 Alternative scenario: In case of breakdown of the level 42.30, follow the recommendations below: The timeframe: H4 Recommendation: short position Entry point: 42.30 Take Profit 1: 38.50 Take Profit 2: 36.00 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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