Daily Trading Analysis 04.02.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY As stated by the President of the Federal Reserve Bank of Cleveland L. Meister: Satisfied with the current course of monetary policy, considers it appropriate to the situation; The economy will pick up in the second half of the year if most people are immunized by Q3; Does not fear that if inflation picks up, the Fed may be too late to start tightening policy; Strong structural pressures keep inflation low; Additional financial support will likely be needed to help the economy through the current difficult period. Our Analysis: Provided that the currency pair is traded above 104.95, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 105.03 Take Profit 1: 105.30 Take Profit 2: 105.45 Alternative scenario: In case of breakdown of the level 104.95, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 104.95 Take Profit 1: 104.80 Take Profit 2: 104.65 Learn More Trading Analysis of Dow Jones 30 Index U.S. stock indices closed Wednesday's trading without a single dynamic, with the Dow Jones and S&P 500 showing gains for the third straight session. The main focus of market participants in recent days is on better-than-expected earnings reports, progress on coronavirus vaccination, and the prospects for new stimulus measures in the United States. Our Analysis: Provided that the index is traded above 30300.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 30771.00 Take Profit 1: 30940.00 Take Profit 2: 31140.00 Alternative scenario: In case of breakdown of the level 30300.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 30300.00 Take Profit 1: 29860.00 Take Profit 2: 29670.00 Learn More Fundamental Trading Analysis of Amazon  Amazon first revolutionized its industry when it went from a not-so-humble online bookseller to America's largest online marketplace for anything. Some of the company's expansions include the likes of Amazon Web Services and Amazon Prime. Our Analysis: While the price is below 3350.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3308.00 Take Profit 1: 3245.00 Take Profit 2: 3080.00 Alternative scenario: If the level 3350.00 is broken-out, follow the recommendations below. Time frame: D1 Recommendation: long position Entry point: 3350.00 Take Profit 1: 3440.00 Take Profit 2: 3550.00 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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