Daily Trading Analysis 30.11.2020

Technical & Fundamental analysis

Trading Analysis of AUD/USD As G. Debelle, Deputy Head of Federal Bank of Australia, reported during his speech on monetary policy: He does not expect any increase in rates at least for the next three years; Bond purchase program puts downward pressure on AUD rate; The program was necessary because the yield on Australian 10-year bonds was higher than in other countries; Caution must be exercised to avoid premature withdrawal of stimuli. The country's public debt is managed and "absolutely supported"; Vaccine news should help maintain confidence; Does not see high CPI risks in the foreseeable future; Not sure about the effectiveness of negative rates as a tool for accelerating inflation and employment. Our Analysis: Provided that the currency pair is traded above 0.7375, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7388 Take Profit 1: 0.7410 Take Profit 2: 0.7435 Alternative scenario: In case of breakdown of the level 0.7375, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7375 Take Profit 1: 0.7350 Take Profit 2: 0.7330 Learn More Trading Analysis of GOLD/USD Gold is cheaper, ending the week with the most significant fall since late September, against the backdrop of an increased appetite for risk in global markets thanks to the news about the success of several companies in the development of vaccines against COVID-19. Our Analysis: Provided that the price is below 1793.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1771.00 Take Profit 1: 1757.00 Take Profit 2: 1747.00   Alternative scenario: In case of breakout of the level 1793.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1793.00 Take Profit 1: 1805.00 Take Profit 2: 1814.00 Learn More Fundamental Trading Analysis of 3M  If you are now thinking about buying shares of 3M, this idea is quite an interesting and cost-effective one. In short, you're not buying 3M for what it is now, but for what it could become if the restructuring of CEO Mike Roman begins to generate operational improvements and its final markets begin to improve. Moreover, this way investors get a dividend yield of 3.4% while they wait for these improvements to gain momentum. In this way, 3M has an attractive price based on risk/reward. And here's why. Our Analysis: While the price is above 170.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 176.00 Take Profit 1: 188.30 Take Profit 2: 192.70 Alternative scenario: If the level 170.00 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 170.00 Take Profit 1: 162.80 Take Profit 2: 158.50 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.

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