Daily Trading Analysis 03.12.2020

Technical & Fundamental analysis

Trading Analysis of NZD/USD Head of the Reserve Bank of New Zealand Orr: we are preparing to introduce a negative rate if necessary: Financial and monetary policies should work hand in hand; There are always pros and cons when it comes to monetary policy; Reducing risks are prevalent in the economy; The objectives of monetary policy have not changed; RBNZ takes real estate prices into account when implementing monetary policy; New monetary policy instruments will become mainstream; Their use will depend on the economic context and efficiency. Our Analysis: Provided that the currency pair is traded above 0.7040, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7065 Take Profit 1: 0.7100 Take Profit 2: 0.7117 Alternative scenario: In case of breakdown of the level 0.7040, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7040 Take Profit 1: 0.7012 Take Profit 2: 0.6996 Learn More Trading Analysis of Nasdaq 100 Index U.S. stock indices changed in different directions following the trading results on Wednesday: Dow Jones and S&P 500 rose, while Nasdaq declined slightly. Meanwhile, the S&P 500 updated its record high for the second consecutive day. Our Analysis: Provided that the index is traded above 12340.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12442.00 Take Profit 1: 12510.00 Take Profit 2: 12600.00 Alternative scenario: In case of breakdown of the level 12340.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12340.00 Take Profit 1: 12240.00 Take Profit 2: 12090.00 Learn More Fundamental Trading Analysis of eBay  This year, eBay shares grew by about 40 percent as investors moved to e-commerce companies that could benefit from store closures and the need to stay home during the coronavirus pandemic. But eBay still lags behind many of its e-commerce peers. In comparison, Amazon shares have grown 70 percent a year. Shopify grew by more than 160% and Etsy shares more than tripled. Is there a reason investors should stick to eBay instead of other, fast-growing companies? Our Analysis: While the price is above 48.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 51.34 Take Profit 1: 56.20 Take Profit 2: 58.40 Alternative scenario: If the level 48.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 48.10 Take Profit 1: 44.50 Take Profit 2: 42.40 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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