Daily Trading Analysis 22.03.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD As Head of ECB K. Lagarde said in a speech in the European Parliament: The medium-term risks to the outlook for the eurozone economy have become more balanced; Economic activity is expected to recover strongly in the 2nd half of 2021 with ongoing vaccination and a gradual easing of restrictions; In the short term, downside risks remain; Asset purchases will be flexible, in line with market conditions. Our Analysis: Provided that the currency pair is traded above 1.1870, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1895 Take Profit 1: 1.1935 Take Profit 2: 1.1950 Alternative scenario: In case of breakdown of the level 1.1870, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1870 Take Profit 1: 1.1850 Take Profit 2: 1.1830 Learn More Trading Analysis of S&P 500 Index U.S. bank stocks fell markedly after the U.S. Federal Reserve announced that it will not extend the SLR ratio easing, which expires on March 31. The measure, introduced as the pandemic began, allowed banks to exclude Treasuries and deposits with the Fed from the calculation of the leverage ratio. The Standard & Poor's 500 fell 2.36 points (0.06%) to 3,913.1 points. Our Analysis: Provided that the index is traded above 3880.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3911.00 Take Profit 1: 3985.00 Take Profit 2: 4100.00 Alternative scenario: In case of breakdown of the level 3880.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3880.00  Take Profit 1: 38615.00 Take Profit 2: 3750.00 Learn More Fundamental Trading Analysis of Disney  Even during the worst period of the coronavirus pandemic, Disney has never really lost its magic charm. Sure, the entertainment giant has temporarily closed its theme parks and suffered some losses over the past year, yet investors have never stopped believing in the future of the Disney brand. The company's stock was up 25 percent last year and more than 7 percent this year. Our Analysis: While the price is above 181.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 191.00 Take Profit 1: 207.00 Take Profit 2: 214.00 Alternative scenario: If the level 181.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 181.00 Take Profit 1: 170.00 Take Profit 2: 163.00 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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