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07.09.202106:12 Forex Analysis & Reviews: Buying and Selling in the Stock Market on September 7

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 Merck & Company Inc (#MRK). Pharmaceutical company.

On the weekly chart, the price went above both indicator lines - above the balance line and the MACD line. The Marlin Oscillator continues to stay in the zone of the growing trend.

Exchange Rates 07.09.2021 analysis

The target for growth is the peak in January 2021 at 85.58, which coincides with the Fibonacci reaction level of 161.8%. The intermediate target is the Fibonacci level of 110.0% at the price of 81.20.

Exchange Rates 07.09.2021 analysis

On the daily chart, the price goes above the MACD indicator line, the Marlin Oscillator is trying to settle in the zone of positive values. The trend is upward.

Sale of shares of Petroleo Brasileiro Petrobras (#PBR). Brazilian oil and gas company.

Exchange Rates 07.09.2021 analysis

On the weekly chart, the price breaks below the balance indicator line, displacing the market tendency mainly to a decrease. The Marlin oscillator, after a brief confusion at the border with the bears' territory, entered it. The target of the movement is the level of 7.05 - the low on March 2021.

Exchange Rates 07.09.2021 analysis

On the daily scale chart, the price is below the balance and MACD indicator lines, the Marlin oscillator has entered the downward trend zone. Further downward price movement is likely.

Laurie Bailey
Analytical expert of InstaForex
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