Daily Trading Analysis 30.10.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD Lagarde: setting up a policy means reviewing all available tools: We acted on the first wave, we will act on the second wave; the GDP in the 4th quarter will be low, but we do not know if it will be negative; No deflation is expected; We will monitor the impact of the pandemic on risks; Banks are waiting for tighter credit conditions; We will accelerate PEPP purchases if necessary; There is little doubt that the ECB will take action in December. Our Analysis: Provided that the currency pair is traded below 1.1710, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1678 Take Profit 1: 1.1665 Take Profit 2: 1.1645 Alternative scenario: In case of breakout of the level 1.1710, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1710 Take Profit 1: 1.1735 Take Profit 2: 1.1760 Learn More Trading Analysis of Nasdaq 100 Index Stock Market America closed Thursday's trading on the positive after the publication of data on record U.S. GDP growth in the last quarter. The U.S. economy jumped 33.1% year on year in the third quarter, according to preliminary data from the U.S. Department of Commerce. Nasdaq Composite added 180.72 points (1.64%) to 11185.59 points. Our Analysis: Provided that the index is traded below 11280.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 11089.00 Take Profit 1: 10760.00 Take Profit 2: 10500.00  Alternative scenario: In case of breakout of the level 11280.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11280.00 Take Profit 1: 11550.00 Take Profit 2: 11690.00 Learn More Fundamental Trading Analysis of Microsoft Over the past five years, Microsoft shares have grown by almost 300 percent as the technology giant has expanded its cloud business, transformed Windows and Office into services, released new Xbox and Surface devices, and expanded its mobile ecosystem with iOS and Android apps. Our Analysis: While the price is above 203.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 206.07 Take Profit 1: 210.30 Take Profit 2: 212.30 Alternative scenario: If the level 203.50 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 203.50 Take Profit 1: 200.40 Take Profit 2: 198.50 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.

Laino Group Limited | Cedar Hill Crest, Villa, Kingstown, St. Vincent & Grenadines Unsubscribe phanphuongthanh89.822152@blogger.com About our service provider Sent by info@paxforex.org