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21.03.202206:51 Forex Analysis & Reviews: Stock market situation on March 21

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Purchases of Pfizer stocks (#PFE), a US based international pharmaceutical company.

On the weekly chart, the price showed a considerable rise after a reversal from the support line of the Kruzenshtern Indicator. The trend is upward. The main target is located at the high of 61.98 recorded in January.

Exchange Rates 21.03.2022 analysis

On the daily chart, the price settled above the Kruzenshtern Indicator line. The trend is also upward.

Exchange Rates 21.03.2022 analysis

Selling of Verizon Communications (#VZ) shares, a US telecommunication company.

On the weekly chart, we see that the price slumped below the Kruzenshtern Indicator line (a blue one) and fixed below the balance line (a red one). The Marlin oscillator is in the negative zone. The key targets are located at 48.83, a low recorded in March 2020, and 47.30, a high logged in September 2021.

Exchange Rates 21.03.2022 analysis

On the daily chart, the price is also declining below the balance line and the Kruzenshtern Indicator line. The Marlin oscillator is sliding faster, but it is still far from the oversold area. The price is likely to go on falling.

Exchange Rates 21.03.2022 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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