Daily Trading Analysis 27.11.2020

Technical & Fundamental analysis

Trading Analysis of USD/CAD As reported by the President of the Chicago Federal Reserve Bank C. Evans:  In the event of further deterioration in the economy, the Fed will be ready to do more to support it;  I would be surprised if the Fed increased its rates to 2023, even if the rate of recovery was stronger than projected; The regulator should not try to calibrate the excess inflation of the target level; Base inflation should be accelerated to 2.5%; The US economy needs more fiscal support. Our Analysis: Provided that the currency pair is traded below 1.3025, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3009 Take Profit 1: 1.2985 Take Profit 2: 1.2970 Alternative scenario: In case of breakout of the level 1.3025, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3025 Take Profit 1: 1.3040 Take Profit 2: 1.3055 Learn More Trading Analysis of Nasdaq 100 Index During a pandemic, each industry has its own specific problems, and the largest credit institutions are no exception in this regard. Investor banks from the U.S. had to face the following difficulty this year: they can not decide whether to bonus traders who were lucky with the growth of indices from the March minimum or to keep bonus pools. Bonuses in the U.S. are a significant part of the profit of traders in the junior and middle positions. They can reach 60% of their fixed pay, and for high positions, they can far exceed that figure. Our Analysis: Provided that the index is traded above 12040.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12152.00 Take Profit 1: 12270.00 Take Profit 2: 12380.00 Alternative scenario: In case of breakdown of the level 12040.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12040.00 Take Profit 1: 11820.00 Take Profit 2: 11620.00 Learn More Fundamental Trading Analysis of Pfizer  If this month's amazing news about the Pfizer vaccine has made many people think about buying shares because they are meant for unrealistic income, think again. PFE stocks are not a growth game. It is all about cash flow. Our Analysis: While the price is above 34.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 36.53 Take Profit 1: 39.20 Take Profit 2: 40.50 Alternative scenario: If the level 34.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 34.50 Take Profit 1: 32.30 Take Profit 2: 31.00 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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