Daily Trading Analysis 15.10.2020

Technical & Fundamental analysis

Trading Analysis of NZD/USD  Reuters quoted an anonymous official, who said that the Central Bank is "actively working" on negative rates and the program "financing for lending. At the same time, Bloomberg cited a member of the RBNZ, Hoxby, who noted that in the next three years, inflation would remain well below the target level. Meanwhile, Central Bank's chief economist Ha said that the regulator should be more aggressive with incentives. It is better to do too much and too early than too little and too late, he suggested. Ha also called low rates effective. Our Analysis: Provided that the currency pair is traded below 0.6670, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.6645 Take Profit 1: 0.6607 Take Profit 2: 0.6590 Alternative scenario: In case of breakout of the level 0.6670, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.6670 Take Profit 1: 0.6698 Take Profit 2: 0.6715 Learn More Trading Analysis of S&P 500 Index The U.S. stock market ended the trading environment with a drop in the negative dynamics of the telecommunications, consumer services and finance sectors. At the close of the NYSE, the S&P 500 index fell by 0.66%. Our Analysis: Provided that the index is traded below 3506.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3494.00 Take Profit 1: 3447.00 Take Profit 2: 3423.00 Alternative scenario: In case of breakout of the level 3506.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3506.00 Take Profit 1: 3527.00 Take Profit 2: 3550.00 Learn More Fundamental Trading Analysis of General Electric General Electric was working on an ambitious turning point - then there was the Boeing 737 Max crisis and the Coronavirus pandemic. So should GE shares be considered a potential investment? The American-made icon took off in 2019 after a brutal couple of years of profit. But after a strong start in 2020, shares returned to the lowest level since the fading financial crisis. The Covid-19 outbreak is having a huge impact on core business, including jet engines and gas turbines. But GE Healthcare is holding up well enough. Our Analysis: While the price is above 6.22, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 6.84 Take Profit 1: 7.84 Take Profit 2: 8.23 Alternative scenario: If the level 6.22 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 6.22 Take Profit 1: 5.60 Take Profit 2: 5.24 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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