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21.04.202105:46 Forex Analysis & Reviews: Buying and Selling in the Stock Market on April 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 Orange ADR shares (#ORAN). Multinational Telecommunications company (Paris).

On the weekly chart, the price is rising above the balance indicator line. The medium-term upside potential is strong, as the Marlin moves almost horizontally over the border with the territory of negative numbers, far from the overbought zone. The targets are determined by the levels of the Fibonacci reaction: 13.65 (123,6%), 14.06 (138,2%), 14.72 (161,8%).

Exchange Rates 21.04.2021 analysis

On the daily chart, the price is growing with both indicator lines, the Marlin oscillator has entered the zone of positive values – the zone of a growing trend.

Exchange Rates 21.04.2021 analysis

Sale of JPMorgan Chase shares (#JPM). American financial holding company.

On the weekly chart, a divergence of the price with the Marlin oscillator was formed. For the second week, the decline continues, with the likely nearest target of 134.80 at the level of 38.2% correction from the last branch of growth in the period from September last year to mid-March this year. The second target is 126.50 - 50.0% Fibonacci level, which the MACD indicator line is aiming for.

Exchange Rates 21.04.2021 analysis

On the daily chart, the price is fixed under the MACD and balance lines. Marlin is in the negative zone. The trend is completely decreasing.

Exchange Rates 21.04.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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