Daily Trading Analysis 10.02.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD Head of the Federal Reserve Bank of Dallas Kaplan: GDP growth should accelerate nicely in 2021: Growth should be above trend in 2022; The Fed's measures will undoubtedly have an impact on financial markets; There are no systemic risks in the financial markets. Our Analysis: Provided that the currency pair is traded above 1.3790, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3825 Take Profit 1: 1.3850 Take Profit 2: 1.3875 Alternative scenario: In case of breakdown of the level 1.3790, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3790 Take Profit 1: 1.3765 Take Profit 2: 1.3745 Learn More Trading Analysis of Dow Jones 30 Index U.S. stock indices closed Tuesday's trading with a mixed trend after rising to record highs a day earlier. According to investors, markets paused active growth in both stocks and commodity prices. The Dow Jones Industrial Average index was down 9.93 points (0.03%) at 31375.83 by the close of trading. Our Analysis: Provided that the index is traded above 31100.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 31325.00 Take Profit 1: 31570.00 Take Profit 2: 31790.00 Alternative scenario: In case of breakdown of the level 31100.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 31100.00 Take Profit 1: 30820.00 Take Profit 2: 30520.00 Learn More Fundamental Trading Analysis of Disney  It's no secret that Wall Street loves Mickey Mouse these days. On Monday, Disney stock hit another all-time high. Investors won't have to wait long for the company's next big success signal: Disney will report new financial results shortly after the market closes on Thursday.  Our Analysis: While the price is above 183.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 188.00 Take Profit 1: 195.00 Take Profit 2: 205.00 Alternative scenario: If the level 183.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 183.00 Take Profit 1: 175.00 Take Profit 2: 165.00 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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