Daily Trading Analysis 05.02.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD A new round of trade disputes between Australia and China was reported by the Financial Times (FT): "Australian farmers warned that the country's trade dispute with China and supply disruptions related to the coronavirus pandemic would cost the industry $28 billion over the next decade. Meanwhile, the news also says the National Farmers Federation of Australia is calling for a $2.66 billion investment to support a trading strategy aimed at diversifying national export markets and improving supply chains. Our Analysis: Provided that the currency pair is traded below 0.7610, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7589 Take Profit 1: 0.7560 Take Profit 2: 0.7540 Alternative scenario: In case of breakout of the level 0.7610, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7610 Take Profit 1: 0.7630 Take Profit 2: 0.7645 Learn More Trading Analysis of Nasdaq 100 Index U.S. stock indices closed Thursday trading more than 1 percent higher, with the S&P 500 and Nasdaq both hitting record highs after another string of encouraging company reports and data suggesting the U.S. labor market may be stabilizing. The Dow and S&P 500 rose for a fourth straight day, and investor hopes for further progress in reconciling stimulus to combat the effects of the pandemic also supported the market. Our Analysis: Provided that the index is traded above 13360.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13560.00 Take Profit 1: 13720.00 Take Profit 2: 14100.00 Alternative scenario: In case of breakdown of the level 13360.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13360.00 Take Profit 1: 13235.00 Take Profit 2: 13080.00 Learn More Fundamental Trading Analysis of Apple Apple's stock price has risen about 460% over the past few years, defying anyone who stated its momentum was gone. The company's annual earnings increased from $215.6 billion to $274.5 within the last 4 years. But can Apple support this dynamic over the next several years? Let's look at its long-term prospects to find out. Analysts anticipate Apple's revenue to grow 21% in fiscal 2021 and then grow another 4% in 2022. Much of that increase will come from new hardware devices and an expanding ecosystem of services. Our Analysis: While the price is above 125.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.00 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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