Daily Trading Analysis 12.10.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD As reported last Sunday by a member of the ECB Governing Council P. Kazimir: Inflation is not at the levels we want to see it on; We will do our best to bring it back to the desired target levels; We expect the state of low inflation or even deflation to be only temporary. Our Analysis: Provided that the currency pair is traded above 1.1795, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1818 Take Profit 1: 1.1855 Take Profit 2: 1.1870 Alternative scenario: In case of breakdown of the level 1.1795, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1795 Take Profit 1: 1.1780 Take Profit 2: 1.1755 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market increased at the end of trading on Friday amid hopes for the adoption of new economic stimulus in the United States. Nasdaq grew by 3.8% and 4.6% over the week, the highest since early July, CNBC reports. Friday The Wall Street Journal reported that the White House is preparing a new $1.8 trillion package to stimulate growth in the U.S. economy affected by the COVID-19 pandemic. Economic Advisor to the U.S. President Larry Kudlow said in an interview with Fox Business that Donald Trump approved the revised package and expressed his desire to reach an agreement with Congress.  Our Analysis: Provided that the index is traded above 11180.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11707.52 Take Profit 1: 12440.00 Take Profit 2: 13100.00 Alternative scenario: In case of breakdown of the level 11180.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 11180.00 Take Profit 1: 10680.00 Take Profit 2: 10300.00 Learn More Fundamental Trading Analysis of Coca-Cola As you know, Coca-Cola was forced to adapt to the changing consumer trends due to the pandemic. As a result, in the first half of 2021, the company will enter the world of adult beverages for the first time in four decades with the launch of a new hard seltzer line-up. In an interview with CNBC, CEO James Quincey said the release is part of the company's effort to "watch the consumer" in the lucrative hard seltzer market. Our Analysis: While the price is above 49.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 50.81 Take Profit 1: 53.70 Take Profit 2: 55.00 Alternative scenario: If the level 49.00 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 49.00 Take Profit 1: 46.90 Take Profit 2: 45.70 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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