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30.03.202105:51 Forex Analysis & Reviews: Buying and Selling in the Stock Market on March 30

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 United Parcel Service (#UPS) shares. Transport and logistics company.

A week ago, the price broke out after working out the balance indicator line on the weekly scale chart. Perhaps this is the end of a long sideways trend that has lasted since October 2020. The Marlin oscillator is turning up. The growth target is the 500.0% Fibonacci reaction level at the price of 182.40.

Exchange Rates 30.03.2021 analysis

On the daily chart, the price broke above the February and March highs in the area of the 423.6% Fibonacci level. The Marlin oscillator broke out into the zone of positive values. There is a signal to open long positions.

Exchange Rates 30.03.2021 analysis

Sale of Illumina (#ILMN) shares. Biogenic company.

On the daily chart, the price completed the correction on March 22 on the way to the MACD line. Also, the Marlin oscillator turned down near the border with the territory of growth. We are expecting a further price decline to the first target of 355.70, which is the level of extremes on January 11 this year and October 12 last year. Once the level is overcome, the second target of 332.90 opens – the level of the lows of September 4-8, 2020 and June 12, 2020.

Exchange Rates 30.03.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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