Daily Trading Analysis 25.11.2020

Technical & Fundamental analysis

Trading Analysis of GBP/USD Bank of England, Haskell: The vaccine is a light at the end of the tunnel: We note the long-term impact of COVID-19 on the economy; It is too early to tell if the vaccine will be able to improve the Bank of England GDP forecast for 2021; If the economy recovers with the help of the vaccine, Brexit`s impact may be long term; We still have enough policy tools. Our Analysis: Provided that the currency pair is traded above 1.3335, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3358 Take Profit 1: 1.3380 Take Profit 2: 1.3400 Alternative scenario: In case of breakdown of the level 1.3335, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3335 Take Profit 1: 1.3310 Take Profit 2: 1.3290 Learn More Trading Analysis of S&P 500 Index The U.S. stock market surged on Tuesday, with the Dow Jones and S&P 500 indices making record highs. Besides, the Dow Jones indices exceeded 30000 points for the first time. Since the beginning of the month, the indicator has added 13% and can show the maximum monthly growth since 1987, notes CNBC. The S&P 500 and Nasdaq rose 11.2% and 10.3% in November, respectively. Investor optimism on Tuesday was connected with the news about the beginning of power transfer in the USA. Our Analysis: Provided that the index is traded above 3592.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3635.00 Take Profit 1: 3660.00 Take Profit 2: 3690.00 Alternative scenario: In case of breakdown of the level 3592.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3592.00 Take Profit 1: 3543.00 Take Profit 2: 3518.00 Learn More Fundamental Trading Analysis of Boeing  Boeing's revenue is melting in front of our eyes as the 737 Max delivery is suspended while the coronavirus is pushing for air travel. But U.S. regulators have approved the return of the 737 Max in operation. So is it worth buying Boeing shares now? Our Analysis: While the price is above 185.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 211.53 Take Profit 1: 241.20 Take Profit 2: 254.70 Alternative scenario: If the level 185.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 185.10 Take Profit 1: 163.70 Take Profit 2: 150.80 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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