Daily Trading Analysis 11.12.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD The ECB decided to leave the main refinancing rate at 0.00%, the marginal lending rate at 0.25%, and the deposit rate at -0.50%. The ECB also announced a decision to increase the Pandemic Emergency Purchase Program (PEPP) package by €500 billion to €1,850 billion. The bank also extended the PEPP net purchases until at least the end of March 2022: Expanded the window for the minimum TLTRO rate; Extended the timing of collateral relief from April to June 2022; QE program retained at €20bn per month. Our Analysis: Provided that the currency pair is traded above 1.2120, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2156 Take Profit 1: 1.2175 Take Profit 2: 1.2210 Alternative scenario: In case of breakdown of the level 1.2120, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2120 Take Profit 1: 1.2100 Take Profit 2: 1.2080 Learn More Trading Analysis of S&P 500 Index U.S. stock indices closed Thursday's trading without a single dynamic. The Standard & Poor's 500 index declined by 4.72 points (0.13%) to 3,668.1 points. The market was pressured by a larger-than-expected increase in jobless claims, as well as the lack of tangible progress in the negotiations of lawmakers on a new package of economic support measures. At the same time, hopes for the imminent introduction of COVID-19 vaccines support investor sentiment. Our Analysis: Provided that the index is traded below 3695.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3669.00 Take Profit 1: 3645.00 Take Profit 2: 3625.00 Alternative scenario: In case of breakout of the level 3695.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3695.00 Take Profit 1: 3710.00 Take Profit 2: 3740.00 Learn More Fundamental Trading Analysis of Disney  Disney was something of an investment paradox in 2020. On the one hand, what was once its biggest business segment, including theme parks, has become a huge hole in the media giant's balance sheet. But on the other hand, Disney has enjoyed tremendous success with its new Direct-to-Consumer business. In less than a year, Disney+ racked up 73.7 million subscribers at the end of the fiscal year 2020. Our Analysis: While the price is above 144.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 154.00 Take Profit 1: 168.00 Take Profit 2: 174.00 Alternative scenario: If the level 144.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.00 Take Profit 1: 133.00 Take Profit 2: 127.00 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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