Daily Trading Analysis 06.10.2020

Technical & Fundamental analysis

Trading Analysis of USD/CHF Almost two-thirds of Swiss voters in a referendum opposed the abolition of the agreement with the EU on the free movement of people. In a referendum in Switzerland, people voted against breaking the agreement with the EU on the free movement of people. Our Analysis: Provided that the currency pair is traded below 0.9165, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9142 Take Profit 1: 0.9120 Take Profit 2: 0.9105 Alternative scenario: In case of breakout of the level 0.9165, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9165 Take Profit 1: 0.9185 Take Profit 2: 0.9200 Learn More Trading Analysis of Nasdaq 100 Index U.S. stock indices rose markedly on Monday's trading results thanks to reports of improved health of U.S. President Donald Trump and hopes for new stimulus measures in the wake of the Coronavirus Pandemic. Our Analysis: Provided that the index is traded above 11330.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11510.00 Take Profit 1: 11600.00 Take Profit 2: 11740.00 Alternative scenario: In case of breakdown of the level 11330.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 11330.00 Take Profit 1: 11225.00 Take Profit 2: 11145.00 Learn More Fundamental Trading Analysis of ExxonMobil  Shares of oil and gas giant ExxonMobil fell by 14.1% in September. This far exceeded the losses of the S&P 500, which fell by only 3.9% at the end of the month. However, the company performed better than the entire oil and gas industry, according to SPDR S&P Oil, which fell by 18.3% over the month. Our Analysis: Provided that the price is traded below 36.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 34.04 Take Profit 1: 31.10 Take Profit 2: 29.20 Alternative scenario: In case of breakout of the level 36.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 36.40 Take Profit 1: 38.10 Take Profit 2: 39.10 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.

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