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04.03.202106:07 Forex Analysis & Reviews: Buying and Selling in the stock market 03/04/21

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Purchase of shares in The Bank of New York Mellon Corporation (#BK).

According to the working daily chart, the price bounced off from the support of the Kruzenshtern line four days earlier and headed higher to the upper border of the price channel. On the same day, the signal line of the Marlin oscillator went up from its own zero line, which is the boundary of the rising and falling trend. The situation is completely increasing, we are waiting for the price to rise to the area of 48.50.

Exchange Rates 04.03.2021 analysis

Sale of Advanced Micro Devices Inc (#AMD).

A powerful price divergence with the Marlin oscillator has formed on the weekly scale chart. We expect a medium-term decline in this paper in the nearest accumulation range from April to June last year in the range of 51.90 to 54.80. The nearest target is the level of 73.74 - the minimum of September and November 2020.

Exchange Rates 04.03.2021 analysis

Based on the daily scale chart, there is a complete downward trend: the price is under both indicator lines, the Marlin oscillator is in the zone of a declining trend.

Exchange Rates 04.03.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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