Daily Trading Analysis 16.03.2020

Technical & Fundamental analysis

Trading Analysis AUD/CHF The price is below the moving average of 20 MA and MA 200, indicating the downward trend.  MACD is below the zero levels. The oscillator Force Index is below the zero levels. Our Analysis: If the level of support is broken, you shall follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 0.5770 Take Profit Level: 0.5670 (100 pips) Alternative scenario: If the price rebound from the support level, you shall follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 0.5940 Take Profit Level: 0.6000 (60 pips) Learn More Trading Analysis of GOLD/USD The price of gold has stabilized and has gone into a deep correction on the background of traders closing long positions on all safe-haven assets and entering the cheapened stock market  Our Analysis: As long as Gold is traded above 1563.00, please follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1563.00 Take Profit 1: 1524.00 Take Profit 2: 1504.00 Alternative scenario:  In case of breakdown of level 1563.00 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1563.00 Take Profit 1 - 1577.00 Take Profit 2 - 1597.00 Learn More Trading Analysis of EUR/USD U.S. President Donald Trump has announced a 30-day ban on travel to the U.S. from Europe in an attempt to stop the further spread of the virus. EUR/USD, after a bullish rally, has moved into a phase of correction and is being traded at 1.1205. Our Analysis: Provided that the currency pair is traded below 1.1200, follow the recommendations below: The timeframe: 30 min Recommendation: short position Entry point: 1.1180  Take Profit 1: 1. 1050 Take Profit 2: 1. 0990 Alternative scenario: In case of breakdown of the level 1. 1200, follow the recommendations below: The timeframe: 30 min Recommendation: long position Entry point: 1. 1200 Take Profit 1: 1. 1250 Take Profit 2: 1. 1285 Learn More Trading Analysis of Silver/USD The New Zealand Performance of Services Index for February was reported at 52.0. Forex traders can compare this to the New Zealand Performance of Services Index for January, which was reported at 57.2. Our Analysis: Should price action for Silver remain inside the or breakout above the 12.700 to 13.200 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 12.950 Take Profit Zone: 17.600 – 18.000 Stop Loss Level: 12.200 Alternative scenario: Should price action for Silver breakdown below 12.200 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 11.850 Take Profit Zone: 11.000 – 11.350 Stop Loss Level: 12.200 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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