Daily Trading Analysis 31.03.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD As stated by a member of the Governing Council of the ECB V. Vasiliauskas: The QE program may be maintained for some time even after the coronavirus crisis is over; There is no need to review the current volume of asset purchases under the PEPP program; Insufficient stimulus carries greater risks than excessive stimulus; Doesn't think the ECB can afford an abrupt change of policy course. Our Analysis: Provided that the currency pair is traded below 1.1730, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1707 Take Profit 1: 1.1695 Take Profit 2: 1.1680 Alternative scenario: In case of breakout of the level 1.1730, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1730 Take Profit 1: 1.1745 Take Profit 2: 1.1760 Learn More Trading Analysis of GOLD/USD Gold futures prices declined during Asian trading on Wednesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,679.15 per troy ounce, down 0.41% at the time of writing. Our Analysis: Provided that the price is below 1690.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1679.00 Take Profit 1: 1676.00 Take Profit 2: 1666.00 Alternative scenario: In case of breakout of the level 1690.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1690.00  Take Profit 1: 1704.00 Take Profit 2: 1714.00 Learn More Fundamental Trading Analysis of Intel  Intel has barely covered its costs since the start of 2020 and has been the worst-performing chip maker with significant capital in the past year. Most of its competitors have doubled over the same period, and shares of several large chip makers have more than tripled. The main reason for Intel's mediocre bad luck is that updates to the company's manufacturing processes are not going well. Our Analysis: Provided that the price is above 58.50, follow these recommendations: Time frame: D1 Recommendation: long position Entry point: 64.00 Take Profit 1: 70.20 Take Profit 2: 72.80 Alternative scenario: In case of breakdown of the level 58.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 58.50  Take Profit 1: 54.40 Take Profit 2: 51.90 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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