Daily Trading Analysis 02.12.2020

Technical & Fundamental analysis

Trading Analysis of USD/CHF As the data published on Monday showed, ISM production fell to 57.5 in November from 59.3 earlier and the forecast of 58: October value was the highest since November 2018; New orders component 65.1 vs. pre. 67.9; Price component paid 65.4 vs. pre. 65.5; Employment component 48.4 vs. 53.2; Inventory component 51.2 vs. pre. 51.9; Production Component 60.8 vs. 63.0; Pending orders component 56.9 vs. 55.7; Supply component 61.7 vs. 60.5; New export orders component 57.8 vs. 55.7. Our Analysis: Provided that the currency pair is traded below 0.9030, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9000 Take Profit 1: 0.8965 Take Profit 2: 0.8935 Alternative scenario: In case of breakout of the level 0.9030, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9030 Take Profit 1: 0.9050 Take Profit 2: 0.9070 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed trading on Tuesday with growth due to the strengthening of the financial, technology, and utility sectors. At the closing of the NYSE, Dow Jones rose by 0.70%. Our Analysis: Provided that the index is traded above 29650.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 29835.00 Take Profit 1: 30120.00 Take Profit 2: 30400.00 Alternative scenario: In case of breakdown of the level 29650.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 29650.00 Take Profit 1: 29460.00 Take Profit 2: 29230.00 Learn More Fundamental Trading Analysis of Caterpillar Construction, mining, and oil and gas industries may have been hardest hit by the COVID-19 pandemic. However, shares of leading equipment manufacturer Caterpillar show no signs of a slowdown. The company's shares almost doubled from their March low and increased by 18 percent from the previous year. Our Analysis: While the price is above 163.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 173.00 Take Profit 1: 191.00 Take Profit 2: 198.00 Alternative scenario: If the level 163.00 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 163.00 Take Profit 1: 151.00 Take Profit 2: 144.00 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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