Daily Trading Analysis 08.04.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF During the continuing speech, the president of the Chicago Fed Reserve Bank C. Evans almost verbatim repeated the well-known statement of Fed chairman J. Powell: It's too early to even begin discussing the need to discuss the rollback of QE. Our Analysis: Provided that the currency pair is traded below 0.9310, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9291 Take Profit 1: 0.9270 Take Profit 2: 0.9245 Alternative scenario: In case of breakout of the level 0.9310, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9310  Take Profit 1: 0.9335 Take Profit 2: 0.9365 Learn More Trading Analysis of Dow Jones 30 Index At the close of trading on Wednesday, the U.S. stock indices did not show significant changes, but S&P 500 reached another record high. Investors weakly reacted to the Federal Open Market Committee (FOMC) minutes of March 16-17, which were published yesterday by the Federal Reserve System. The Dow Jones Industrial Average index was up 16.02 points (0.05%) at 33446.26 by market close. Our Analysis: Provided that the index is traded above 33200.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 33400.00 Take Profit 1: 33720.00 Take Profit 2: 34000.00 Alternative scenario: In case of breakdown of the level 33200.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 33200.00  Take Profit 1: 32900.00 Take Profit 2: 32700.00 Learn More Fundamental Trading Analysis of Goldman Sachs The past year has really demonstrated the need for all investors to possess a diversified portfolio. Following the market crash last spring, it was rebounded by tech and growth stocks, whose value has skyrocketed. Now, as the world slowly begins to recover from the pandemic, value stocks are beating growth stocks. Basically, it means that portfolio diversification is an essential tool, particularly in these volatile markets. So, if you don't have good-value securities in your portfolio, you should consider adding something. One excellent choice is Goldman Sachs, which is up 23% year-to-date. Below we look at why it might be a worthwhile investment for most. Our Analysis: Provided that the company is traded below 340.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 327.00 Take Profit 1: 310.00 Take Profit 2: 302.00 Alternative scenario: In case of breakout of the level 340.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 340.00  Take Profit 1: 355.00 Take Profit 2: 363.00 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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