Daily Trading Analysis 01.10.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD EUR/USD is under pressure after ECB head Lagarde expressed concerns about inflation, while demand for a safe US dollar is growing after the first presidential debate. Our Analysis: Provided that the currency pair is traded above 1.1715, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1746 Take Profit 1: 1.1775 Take Profit 2: 1.1795 Alternative scenario: In case of breakdown of the level 1.1715, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1715 Take Profit 1: 1.1685 Take Profit 2: 1.1665 Learn More Trading Analysis of Dow Jones 30 Index U.S. stock indices rose at the end of trading on Wednesday amid growing hopes for new economic stimulus measures. Meanwhile, the U.S. stock market showed the first monthly decline since March. Our Analysis: Provided that the index is traded below 28020.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 27780.00 Take Profit 1: 27235.00 Take Profit 2: 26940.00 Alternative scenario: In case of breakout of the level 28020.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 28020.00 Take Profit 1: 28360.00 Take Profit 2: 28590.00 Learn More Fundamental Trading Analysis of Amazon  As many people know, for most of the last generation, there were no better shares than Amazon. Since the IPO in 1997, the company's shares have grown by a phenomenal 160.000%, turning $1,000 into approximately $1.6 million. Actually, keeping in mind the incredible volatility today, the e-commerce giant has beaten the S&P 500 at almost any point in its history, except for a pullback over the past few weeks. To date, the company's shares have grown by 70%, raising the broad market index, which this year increased by only 4%. Our Analysis: While the price is below 3330.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3157.48 Take Profit 1: 2871.00 Take Profit 2: 2746.00 Alternative scenario: If the level 3330.00 is broken-out, follow the recommendations below. Time frame: D1 Recommendation: long position Entry point: 3330.00 Take Profit 1: 3542.00 Take Profit 2: 3666.00 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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