Daily Trading Analysis 27.01.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD Health regulators in Australia issued a permit on Monday to use the COVID-19 coronavirus vaccine developed by Pfizer/BioNTech in the country. The use of the vaccine is approved for persons 16 years of age and older. The vaccination is expected to start towards the end of February Our Analysis: Provided that the currency pair is traded below 0.7760, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7735 Take Profit 1: 0.7720 Take Profit 2: 0.7700 Alternative scenario: In case of breakout of the level 0.7760 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7760 Take Profit 1: 0.7780 Take Profit 2: 0.7800 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed lower on Tuesday as traders assessed the new batch of corporate reports and waited for the results of major technology companies. The Nasdaq Composite lost 9.93 points (0.07%) to 13626.06 points. Our Analysis: Provided that the index is traded above 13275.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13483.00 Take Profit 1: 13740.00 Take Profit 2: 13850.00 Alternative scenario: In case of breakout of the level 13275.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13275.00 Take Profit 1: 13140.00 Take Profit 2: 13010.00 Learn More Fundamental Trading Analysis of Apple  Over the years, providing various services has become an increasingly important part of Apple's business. Paying more attention to this segment, Apple latterly extended it to incorporate music, video, games, fitness, and financial services, as well as App Store, AppleCare, and iCloud products. Last year, the company had revenue of $53.8 billion with an average gross profit double that of its hardware business. Our Analysis: While the price is above 125.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 143.00 Take Profit 1: 147.00 Take Profit 2: 154.00 Alternative scenario: If the level 125.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 120.00 Take Profit 2: 112.50 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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