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01.06.202106:15 Forex Analysis & Reviews: Buying and Selling in the Stock Market on June 1

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 Nintendo shares (#NTDOY). A Japanese company that makes video games and consoles.

Exchange Rates 01.06.2021 analysis

On the weekly chart, the price went above the indicator lines of the balance and MACD and above the embedded line of the price channel of the higher timeframe. The Marlin Oscillator has crossed the border into growth territory. The price accelerates to the upper border of the price channel to the target level of 85.40.

Exchange Rates 01.06.2021 analysis

On the daily chart, the price is similarly fixed above both indicator lines, and the Marlin Oscillator is already developing an upward movement in the zone of the growing trend. We look forward to continued price growth.

Sale of AT&T shares (#T). Telecommunications company.

Exchange Rates 01.06.2021 analysis

On the weekly chart, the price went under the indicator lines of the balance (red) and MACD (blue), while the Marlin oscillator is in the zone of negative values, that is, the outlook for the trend is completely decreasing. The first target of the decline is at 23.10 - the low of November 19, 2020, and the second target is 26.53 - the low of October 21, 2020.

Exchange Rates 01.06.2021 analysis

On the daily chart, the price has strengthened below the indicator lines, the Marlin Oscillator has grown a little along with the price, discharging from the oversold zone, and now the conditions are ready for a new decline.

Laurie Bailey
Analytical expert of InstaForex
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