Daily Trading Analysis 10.03.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF Chairman of the U.S. Senate Banking Committee Sherrod Brown urged the Federal Reserve to explore the possibility of issuing a digital dollar. The official sent a corresponding letter to agency chairman Jerome Powell. According to Brown, the Fed should become a leader in national digital currencies (CBDC). The Senator said that if the U.S. misses this opportunity, it may be left "out of history" and lose its leading role in the financial system. Our Analysis: Provided that the currency pair is traded above 0.9270, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9300 Take Profit 1: 0.9320 Take Profit 2: 0.9340 Alternative scenario: In case of breakdown of the level 0.9270, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9270 Take Profit 1: 0.9255 Take Profit 2: 0.9230 Learn More Trading Analysis of S&P 500 Index U.S. stock indices closed Tuesday's trading in decline after a sharp rise the day before. In particular, shares of major technology companies fell significantly. The market was supported earlier this week by a decline in U.S. Treasuries, as well as optimism over the approval of a coronavirus vaccine made by Johnson & Johnson (NYSE: JNJ) and the prospects of a new aid package for the U.S. economy. The yield on 10-year U.S. government bonds fell below 1.45% this week after jumping to a high for the year of 1.6% a week earlier. The Standard & Poor's 500 fell 31.53 points (0.81%) to 3,870.29 points. Our Analysis: Provided that the index is traded above 3850.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3885.00 Take Profit 1: 3912.00 Take Profit 2: 3950.00 Alternative scenario: In case of breakdown of the level 3850.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3850.00 Take Profit 1: 3818.00 Take Profit 2: 3776.00 Learn More Fundamental Trading Analysis of Disney  Shares of Walt Disney Company hit record highs once again on Monday. Two weeks ago, the media giant briefly climbed above the $200 mark, but this is the first time the stock price has closed above such an impressive mark.  Indeed, Disney seems to meet every possible criterion that would make the company a worthwhile investment. It is the undisputed leader in various entertainment markets. The stock has also roughly doubled in the last year, so the momentum is also on the company's side. What's scary (in a good way) is that Disney isn't even running at full capacity right now. With catalysts in place for lagging segments to start recovering in 2021, it will be hard to dispute the fact that Disney is not a revenue generator. Our Analysis: While the price is above 183.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 194.51 Take Profit 1: 218.20 Take Profit 2: 226.50 Alternative scenario: If the level 183.90 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 183.90 Take Profit 1: 170.50 Take Profit 2: 162.50 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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