Daily Trading Analysis 09.03.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD The US dollar will keep rising until the Fed introduces a yield curve control tool, which will be the beginning of a long-term decline. Before Powell's speech, the markets were expecting him to announce something like that, but it looks like the time has not come yet. From this point of view, the important thing is the March 7 meeting, during which the views on the bond market may be voiced, but until then, the Fed will keep the status quo. Our Analysis: Provided that the currency pair is traded below 0.7680, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7654 Take Profit 1: 0.7620 Take Profit 2: 0.7585 Alternative scenario: In case of breakout of the level 0.7680, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7680 Take Profit 1: 0.7715 Take Profit 2: 0.7750 Learn More Trading Analysis of GOLD/USD Gold futures prices increased during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for April delivery are trading at $1,687.65 per troy ounce, up 0.58% at the time of writing this commentary. Our Analysis: Provided that the price is below 1696.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1689.00 Take Profit 1: 1676.00 Take Profit 2: 1668.00  Alternative scenario: In case of breakout of the level 1696.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1696.00 Take Profit 1: 1704.00 Take Profit 2: 1714.00 Learn More Fundamental Trading Analysis of Twitter  The Twitter stock recently hit a record high after the company introduced audacious three-year growth targets. It now intends to increase its mDAUs (monetizable daily active users) from 192 million at the end of 2020 to "at least" 315 million by the end of 2023. Our Analysis: While the price is below 66.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 63.00 Take Profit 1: 60.00 Take Profit 2: 56.20 Alternative scenario: If the level 66.50 is broken-out, follow the recommendations below. Time frame: D1 Recommendation: long position Entry point: 66.50 Take Profit 1: 82.50 Take Profit 2: 86.50 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Customer Contact Data Notice Sent by info@paxforex.org