Daily Trading Analysis 01.03.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD According to Reuters, the representative of Greece in the ECB Y. Stournaras said: The ECB should accelerate the pace of asset purchases as part of the PEPP anti-crisis program to combat the effects of the pandemic; At a meeting on March 11, the Governing Council of the Central Bank should declare the need to combat unjustified tightening of financial conditions; At this point, there has been an unjustified tightening of bond yields. Thus, his remarks can be interpreted as a call to accelerate the pace of QE. Our Analysis: Provided that the currency pair is traded below 1.2110, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2085 Take Profit 1: 1.2060 Take Profit 2: 1.2040 Alternative scenario: In case of breakout of the level 1.2110, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2110 Take Profit 1: 1.2140 Take Profit 2: 1.2160 Learn More Trading Analysis of Nasdaq 100 Index The Dow Jones and S&P 500 American stock indices dropped in Friday trading, while the Nasdaq gained, but showed its biggest weekly decline since the week ended October 30. The Dow Jones was down 1.8% last week. However, the indicators were up last month. The Dow Jones rose 3.2% in February. The unexpected acceleration in the sell-off in U.S. Treasuries on Thursday caused their yields to spike, sending the stock market and especially tech stocks lower. Our Analysis: Provided that the index is traded below 13115.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13000.00 Take Profit 1: 12765.00 Take Profit 2: 12525.00 Alternative scenario: In case of breakout of the level 13115.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13115.00 Take Profit 1: 13355.00 Take Profit 2: 13600.00 Learn More Fundamental Trading Analysis of Verizon  While VZ stock has consistently lagged behind the S&P 500, the stock still attracts income-oriented investors. However, if 5G wireless services resume its earnings and revenue growth, VZ stock could have much more appeal. The problem is that Verizon Communications needs more radio spectrum to ramp up consumer and enterprise 5G wireless services. Verizon's stock has been sidelined lately because of concerns about how much it would spend on a government tender for 5G wireless radio services. Our Analysis: While the price is above 54.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 56.50 Take Profit 1: 59.30 Take Profit 2: 60.50 Alternative scenario: If the level 54.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 54.20 Take Profit 1: 52.20 Take Profit 2: 51.00 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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