Daily Trading Analysis 23.09.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD EUR/USD has become a victim of increased flight from risks. The pressure on it increased, sending the pair to multi-week lows around 1.1730. The main drivers of such dynamics were the change in the players' attitude towards the dollar, as well as increased fears about a new wave of coronavirus spreading and political uncertainty in the USA. Our Analysis: Provided that the currency pair is traded below 1.1720, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1684 Take Profit 1: 1.1620 Take Profit 2: 1.1600 Alternative scenario: In case of breakout of the level 1.1720, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1720 Take Profit 1: 1.1750 Take Profit 2: 1.1775 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market grew following the shares of technology companies. The U.S. economy will recover more quickly from the Coronavirus Pandemic crisis, while fiscal and monetary stimulus will work together, Federal Reserve Chairman Jerome Powell told the U.S. House of Representatives Financial Services Committee. Our Analysis: Provided that the index is traded above 10940.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11180.00 Take Profit 1: 11345.00 Take Profit 2: 11490.00 Alternative scenario: In case of breakdown of the level 10940.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 10940.00 Take Profit 1: 10680.00 Take Profit 2: 10530.00 Learn More Fundamental Trading Analysis of IBM  International Business Machines has long been a well-known name in the technology industry. However, in recent years, the company's shares have declined heavily since many of its units have encountered a persistent drop in revenue. Our Analysis: While the price is below 124.70 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 120.29 Take Profit 1: 114.60 Take Profit 2: 112.20 Alternative scenario: If the level 124.70 is broken-out, follow the recommendations below. Time frame: D1 Recommendation: long position Entry point: 124.70 Take Profit 1: 128.80 Take Profit 2: 131.40 Learn More Fundamental Trading Analysis of EUR/GBP The German GfK Consumer Confidence Survey for October was reported at -1.6. Economists predicted a figure of -1.0. Forex traders can compare this to the German GfK Consumer Confidence Survey for September, reported at -1.7. The final Spanish GDP for the second quarter is predicted to decrease by 18.5% quarterly and by 22.1% annualized. Forex traders can compare this to the previous Spanish GDP for the second quarter, which decreased by 18.5% quarterly and by 22.1% annualized. Our Analysis: Should price action for the EUR/GBP remain inside the or breakdown below the 0.9170 to 0.9220 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.9190 Take Profit Zone: 0.8950 – 0.8995 Stop Loss Level: 0.9270 Alternative scenario: Should price action for the EUR/GBP breakout above 0.9220 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.9270 Take Profit Zone: 0.9390 – 0.9500 Stop Loss Level: 0.9220 Learn More ‌ ‌ ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

Laino Group Limited | Cedar Hill Crest, Villa, Kingstown, St. Vincent & Grenadines Unsubscribe phanphuongthanh89.822152@blogger.com About our service provider Sent by info@paxforex.com