Daily Trading Analysis 09.12.2020

Technical & Fundamental analysis

Trading Analysis of AUD/USD At Tuesday's trading, the dollar overcame the weak level as traders balanced between the increase in COVID-19 infections, the expansion of quarantine restrictions, and the likely fiscal stimulus and the spread of the vaccine Our Analysis: Provided that the currency pair is traded above 0.7415, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7446 Take Profit 1: 0.7465 Take Profit 2: 0.7480 Alternative scenario: In case of breakdown of the level 0.7415, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7415 Take Profit 1: 0.7400 Take Profit 2: 0.7385 Learn More Trading Analysis of Nasdaq 100 Index The US stock market grew at the end of trading on Tuesday, with the S&P 500 and Nasdaq indicators updating their maximum values. Positive news about the coronavirus vaccine has overshadowed investors' concerns about a record number of hospitalizations from COVID-19 in the U.S. and protracted negotiations on new budget incentives. The U.S. Health Protection Administration (FDA) concluded that all relevant data are available for the emergency approval of the U.S. company Pfizer and German BioNTech's COVID-19 vaccine. Our Analysis: Provided that the index is traded above 12500.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12640.00 Take Profit 1: 12700.00 Take Profit 2: 12820.00 Alternative scenario: In case of breakdown of the level 12500.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12500.00 Take Profit 1: 12360.00 Take Profit 2: 12230.00 Learn More Fundamental Trading Analysis of Boeing  Boeing has published its annual market forecast for commercial jet aircraft. Not surprisingly, the aerospace giant has reduced its estimates of global aircraft supplies for the next 20 years - and especially for the current decade - compared to the forecast for 2019. Our Analysis: While the price is above 210.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 232.00 Take Profit 1: 269.00 Take Profit 2: 285.00 Alternative scenario: If the level 210.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 210.00 Take Profit 1: 184.00 Take Profit 2: 169.00 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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