Thursday, February 25, 2021

Daily Trading Analysis 25.02.2021

Trading Analysis of AUD/USD
The Australian exports fell 9% mom in January:
Australia: January, pre export of goods -$3.047 million (-9% m/m) to $32.126 million;
Goods Import -$2.626 million (-10% m/m) to $23.372 million;
Trade surplus $8.754 mln;
Export +13% YoY, import -7% YoY.

Our Analysis:

Provided that the currency pair is traded above 0.7940, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 0.7955
  • Take Profit 1: 0.8000
  • Take Profit 2: 0.8020

Alternative scenario:

In case of breakdown of the level 0.7940, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 0.7940
  • Take Profit 1: 0.7920
  • Take Profit 2: 0.7890

Trading Analysis of S&P 500 Index
The U.S. stock market was up in trading Wednesday, with the Dow Jones Industrial Average hitting a record high after Federal Reserve Chairman Jerome Powell signaled that the regulator was not going to change the course of monetary policy. The Standard & Poor's 500 rose 44.06 points (1.14%) to 3,925.43 points.


Our Analysis:

Provided that the index is traded above 3895.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: long position
  • Entry point: 3925.00
  • Take Profit 1: 3950.00
  • Take Profit 2: 3970.00

Alternative scenario:

In case of breakdown of the level 3895.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: short position
  • Entry point: 3895.00
  • Take Profit 1: 3875.00
  • Take Profit 2: 3857.00

Fundamental Trading
Analysis of Alphabet 

Many investors often avoid the biggest players in the market because they think these companies are so obvious that they cannot be undervalued. But one tech giant has likely been hiding in plain sight: Alphabet. While the overall market may seem overvalued at the moment, there are several reasons why the advertising giant is not.


Our Analysis:

While the price is above 2010.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 2060.00
  • Take Profit 1: 2140.00
  • Take Profit 2: 2253.0

Alternative scenario:

If the level 2010.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2010.00
  • Take Profit 1: 1947.00
  • Take Profit 2: 1800.00

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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