Home About the company Blog Expert review round-up: Daily trading analysis during the crisis for March 25th

Expert review round-up: Daily trading analysis during the crisis for March 25th

25.03.2020

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Wednesday, March 254th—the news of the day: The White House and Senate reached a $2 trillion coronavirus stimulus deal. Stock futures are surging, analysts predict an easier recovery from the current crisis for the Asian economies than the West. EUR/USD is at 1.0839, GBP/USD—1.1936, both rising; Brent oil is $27.38 per barrel, gold is 1,614.87. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

The pair is trading above 78.00 due to the recovering demand for crude oil and stocks of Russian companies, as well as federal loan bonds from non-residents. The ruble will be also supported by the tax period in Russia, which begins today on March 25. Keep track of the rate changes in real time.

Trading recommendations: sell the pair after it crosses 78.00 with a local target of 75.00.

 

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The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The upward H1 level pattern is currently truncated. Keep track of the rate changes in real time.

Trading recommendations: sell while the descending pattern is forming, where the wave (AC) breaks through the inclined channel of the ascending truncated H1 level pattern.

 

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The Fed is ready for unlimited QE. To support the US economy, the Federal Reserve intends to buy bonds in unlimited amounts in order to keep interest rates low. Keep track of the rate changes in real time.

Trading recommendations: buy above 150.00; stop loss: 135.00; target levels: 157.33 (close ½ of the order and move to breakeven), 167.64.

 

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Useful info and online charts

Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.

*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.

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