Daily Trading Analysis 22.10.2020

Technical & Fundamental analysis

Trading Analysis of AUD/USD During his evening speech, the President of the St. Louis Federal Reserve, J. Bullard (does not vote in the FOMC), expressed optimism about the prospects of the economy and the fight against the coronavirus: The Fed will keep rates at low levels for a long time to come; For the time being, the Fed's monetary policy is "in excellent shape; For now, the implementation of the Central Bank's policy is going well. Our Analysis: Provided that the currency pair is traded below 0.7115, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7109 Take Profit 1: 0.7070 Take Profit 2: 0.7045 Alternative scenario: In case of breakout of the level 0.7115, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7115 Take Profit 1: 0.7135 Take Profit 2: 0.7150 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market declined yesterday. Investors were waiting for Washington to signal progress in discussions on a new stimulus package. Disagreements between members of Congress and the White House over additional stimulus measures continued to put pressure on the market, overshadowing earnings reports, and relatively optimistic economic data. Our Analysis: Provided that the index is traded below 28575.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 28300.00 Take Profit 1: 27720.00 Take Profit 2: 27380.00 Alternative scenario: In case of breakout of the level 28575.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 28575.00 Take Profit 1: 28840.00 Take Profit 2: 28950.00 Learn More Fundamental Trading Analysis of Intel  Chip giant Intel, best known for its PC and data center processors, which have long dominated both markets, is also one of the leading manufacturers of NAND memory chips used in SSDs and smartphones for data storage. Our Analysis: While the price is above 52.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 54.58 Take Profit 1: 58.00 Take Profit 2: 59.20 Alternative scenario: If the level 52.30 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 52.30 Take Profit 1: 50.40 Take Profit 2: 49.40 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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