Daily Trading Analysis 01.12.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD As ECB head C. Lagarde said during her speech on the authorities' response to the pandemic: Monetary policy cannot be as targeted and point-based as fiscal policy measures; Fiscal policy becomes crucial when the service sector is under attack; The coordination of fiscal and monetary policies has proved very useful; At the time of publication, Lagarde mainly talks about the coronavirus crisis and does not yet touch upon the issues of further ECB monetary policy. Our Analysis: Provided that the currency pair is traded above 1.1935, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1956 Take Profit 1: 1.1975 Take Profit 2: 1.2000 Alternative scenario: In case of breakdown of the level 1.1935, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1935 Take Profit 1: 1.1920 Take Profit 2: 1.1900 Learn More Trading Analysis of S&P 500 Index U.S. stock indices closed trading on Monday with a decline but showed record monthly growth and November dynamics. According to investors, the main drivers of the recent market growth were two factors: the development of three COVID-19 vaccines, which gave hope that the economic turmoil caused by the coronavirus pandemic will come to naught in 2021, and the easing of political uncertainty after the presidential elections in the United States. Our Analysis: Provided that the index is traded above 3595.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3638.00 Take Profit 1: 3660.00 Take Profit 2: 3690.00 Alternative scenario: In case of breakdown of the level 3595.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3595.00 Take Profit 1: 3576.00 Take Profit 2: 3552.00 Learn More Fundamental Trading Analysis of General Electric Given that General Electric shares have grown by 32% in the last month, it's time to pause and wonder if the company's shares are a good buy or not. To shed some light on this question, let's take a look at each GE industrial segment separately, and then put them together and see what a company can cost.  Our Analysis: While the price is above 9.70, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 10.00 Take Profit 1: 11.50 Take Profit 2: 12.00 Alternative scenario: If the level 19.70 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 9.70 Take Profit 1: 8.90 Take Profit 2: 8.50 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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