Expert review round-up: Daily trading analysis during the crisis for March 31st

Tuesday, March 31st—today's news: the first quarter of 2020 may become the worst in history for oil prices. Amid the global crisis, investors return to Chinese markets, Moody's changed its outlook on the US corporate debt to negative. EUR/USD is at 1.0978, GBP/USD—1.2341, both falling; Brent oil is $23.53 per barrel, gold is $1,605.65. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

NZDCHF analysis

The resistance level of 0.5795 continues to hold back buyers. The currency pair is trading in the range of 365 and 135 moving averages, where the fast (135 EMA) moving average is below the slow (365 EMA) moving average, indicating a downtrend. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. Keep track of the rate changes in real time.

Trading recommendations: sell while a descending pattern is forming, where the wave (aC) breaks through the inclined channel of the ascending pattern.

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USDCAD analysis

The recovery of crude oil prices amid the extremely positive PMI in China, which rose above the key value of 50 to 52.0, may put pressure on the pair and contribute to its local decline. Rising stock indices and demand for risk assets will also contribute to this. Keep track of the rate changes in real time.

Trading recommendations: a decline below 1.4170 will lead to a limited drop to 1.3930.

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Trading ideas for Adidas AG (XETRA)

The overall trend is downward. The 215.0 level is holding back buyers. A start fractal has formed below the 135 moving average. Bearish divergence formed on Awesome Oscillator, and Stochastic Oscillator showed an exit from the overbought zone. Keep track of the rate changes in real time.

Trading recommendations: sell on the breakout of the start fractal: 199.00; stop loss: 215.00; target levels: 184.00, 164.00.

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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.}