Daily Trading Analysis 01.04.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD President and CEO of the Federal Reserve Bank of Atlanta, Bostic: hopefully US employment will grow decently in the coming months. Leisure and recreation companies are starting to note that the number of bookings has reached or exceeded 2019 levels. Our Analysis: Provided that the currency pair is traded above 1.3755, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3787 Take Profit 1: 1.3810 Take Profit 2: 1.3830 Alternative scenario: In case of breakdown of the level 1.3755, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3755 Take Profit 1: 1.3735 Take Profit 2: 1.3715 Learn More Trading Analysis of S&P 500 Index U.S. stock indices were mixed at the close of trading on Wednesday, but technology stocks were up significantly and the Standard & Poor's 500 Index was near a record high. All three major indices were up for the month and the quarter, with the Dow Jones and S&P 500 having their best month since November. Our Analysis: Provided that the index is traded above 3945.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3984.00 Take Profit 1: 4012.00 Take Profit 2: 4040.00 Alternative scenario: In case of breakdown of the level 3945.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3945.00  Take Profit 1: 3910.00 Take Profit 2: 3855.00 Learn More Fundamental Trading Analysis of Pfizer  Pfizer's development of Comirnati (a vaccine against COVID-19) has certainly pulled all the attention of investors and analysts, switching most of the conversation on the company's topic last year. It is exactly what is most talked about and argued about on Wall Street. The real story, however, is CEO Albert Burla's vision for a more streamlined, innovation-oriented company. He outlined his strategy when he took office in 2019, and Komirnati is just an early sign that the transformation is working. Our Analysis: Provided that the company is traded above 35.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 36.23 Take Profit 1: 37.60 Take Profit 2: 38.10 Alternative scenario: In case of breakdown of the level 35.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 35.30  Take Profit 1: 34.30 Take Profit 2: 33.80 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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