Daily Trading Analysis 03.02.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD Kaplan: Vaccination is important for economic recovery: There are no systemic risks in the financial markets at this point; It is important to give money to open schools, distribute vaccines and medical care for children in order to rebuild the economy. Our Analysis: Provided that the currency pair is traded above 0.7187, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7217 Take Profit 1: 0.7253 Take Profit 2: 0.7270 Alternative scenario: In case of breakdown of the level 0.7187, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7187 Take Profit 1: 0.7158 Take Profit 2: 0.7141 Learn More Trading Analysis of S&P 500 Index U.S. stock indices rose on Tuesday for the second trading session in a row on news about progress in the U.S. vaccination campaign. The Standard & Poor's 500 rose 52.45 points (1.39%) to 3,826.31 points. Our Analysis: Provided that the index is traded above 3791.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3838.00 Take Profit 1: 3865.00 Take Profit 2: 3910.00 Alternative scenario: In case of breakdown of the level 3791.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3791.00 Take Profit 1: 3743.00 Take Profit 2: 3695.00 Learn More Fundamental Trading Analysis of Microsoft  Most traders would agree that making money out of stocks shouldn't be complicated. It's a lot simpler to do when a big name like Microsoft is still posting outstanding operating results every quarter. Last week, the company delivered another sensational quarter, with revenue up 17 percent and earnings per share up 34 percent year-over-year.  Our Analysis: While the price is above 225.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 239.50 Take Profit 1: 250.00 Take Profit 2: 260.00 Alternative scenario: If the level 225.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 225.00 Take Profit 1: 210.00 Take Profit 2: 201.00 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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