Daily Trading Analysis 18.11.2020

Technical & Fundamental analysis

Trading Analysis of USD/CAD Head of the Atlanta Federal Reserve Bank: the economy will recover decently when the vaccine becomes available to the population: The Fed will monitor the situation from now until the next meeting to determine the need to change the asset purchase program; We will monitor whether a drop in retail sales will make the situation worse; Some people seem to be running out of money; Assistance programs must be available to those in need;  Employment in some service industries is still 40-50% below pre-COVID levels; We need to make sure that the weakest sectors have recovered. Our Analysis: Provided that the currency pair is traded above 1.3070, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3094 Take Profit 1: 1.3120 Take Profit 2: 1.3150 Alternative scenario: In case of breakdown of the level 1.3070, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3070 Take Profit 1: 1.3060 Take Profit 2: 1.3040 Learn More Trading Analysis of S&P 500 Index The U.S. stock market fell on Tuesday after a rally the day before on news of another coronavirus vaccine being successfully tested. Dow Jones and the S&P 500 reached new record highs on Monday after U.S. biotech company Moderna Inc. reported its coronavirus vaccine efficiency of 94.5 percent. Our Analysis: Provided that the index is traded above 3579.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3618.00 Take Profit 1: 3645.00 Take Profit 2: 3690.00 Alternative scenario: In case of breakdown of the level 3579.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3579.00 Take Profit 1: 3552.00 Take Profit 2: 3518.00 Learn More Fundamental Trading Analysis of Cisco  For the 4th quarter in a row, Cisco's revenue decreased as compared to the previous year. And in the middle of the management's revenue guidance range for the next quarter, there was again a decrease in the top line. Nevertheless, Cisco's share price satisfies modest anticipations, and the technology giant is trying to stabilize its business as it shifts to subscription and software portfolio on the principle of "software as a service" (SaaS). So is it worth buying Cisco shares now? Our Analysis: While the price is above 39.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 41.40 Take Profit 1: 44.00 Take Profit 2: 45.20 Alternative scenario: If the level 39.00 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 39.00 Take Profit 1: 37.00 Take Profit 2: 35.80 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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