Daily Trading Analysis 14.04.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD At the end of this week's monetary policy meeting, the central bank of New Zealand will maintain the status quo and leave its key interest rate at 0.25%. It is more likely that the central bank will apply additional measures of quantitative easing.  Our Analysis: Provided that the currency pair is traded above 0.7057, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7088 Take Profit 1: 0.7125 Take Profit 2: 0.7142 Alternative scenario: In case of breakdown of the level 0.7057, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7057  Take Profit 1: 0.7028 Take Profit 2: 0.7011 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Tuesday's trading multidirectional due to strengthening of utilities, technology and consumer goods sectors. The market showed uncertainty on the back of negative dynamics in the financial, telecommunication and industrial sectors. The Dow Jones is down 0.20%. Our Analysis: Provided that the index is traded above 33550.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 33690.00 Take Profit 1: 33800.00 Take Profit 2: 33960.00 Alternative scenario: In case of breakdown of the level 33550.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 33550.00  Take Profit 1: 33470.00 Take Profit 2: 33340.00 Learn More Fundamental Trading Analysis of Johnson & Johnson Johnson & Johnson is the perfect example of value stocks: five years of uninterrupted annual revenue growth, an above-average dividend that has risen for 58 consecutive years, and a diversified product portfolio that can withstand various lawsuits, pandemics, and anything else that gets in the company's way. Our Analysis: While the price is below 162.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 158.00 Take Profit 1: 152.10 Take Profit 2: 149.60 Alternative scenario: In case of breakout of the level 162.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.00 Take Profit 1: 166.20 Take Profit 2: 168.60 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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