Daily Trading Analysis 05.04.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD The head of FRB San Francisco Daly: The Fed will ignore a temporary rise in inflation: The Fed's goals are unlikely to be met in 2021; The Fed expects a temporary rise in inflation this year, but will ignore it; Infrastructure investment spurs economic growth. Our Analysis: Provided that the currency pair is traded above 0.6967, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7025 Take Profit 1: 0.7092 Take Profit 2: 0.7152 Alternative scenario: In case of breakout of the level 0.6967, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.6967  Take Profit 1: 0.6929 Take Profit 2: 0.6886 Learn More Trading Analysis of Nasdaq 100 Index U.S. stock indices rose in trading on Thursday, with the S&P 500 indicator crossing the 4,000-point mark for the first time. A day earlier, U.S. President Joe Biden unveiled a $2 trillion-plus infrastructure investment plan that would provide $621 billion to modernize transportation infrastructure, $400 billion to support the elderly and disabled, $300 billion to support the manufacturing sector, $213 billion to repair and build affordable housing and $100 billion to develop broadband networks. The Nasdaq Composite added 233.23 points (1.76%) to 13480.11 points. Our Analysis: Provided that the index is traded above 13270.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13331.00 Take Profit 1: 13370.00 Take Profit 2: 13400.00 Alternative scenario: In case of breakdown of the level 13270.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13270.00  Take Profit 1: 13180.00 Take Profit 2: 13120.00 Learn More Fundamental Trading Analysis of AT&T The rhetoric is incredibly fascinating. AT&T recently announced that it expects to increase the number of HBO clients it will serve by 2025, from 75 million to 90 million according to 2019 projections to 150 million. Just for the sake of comparison, Walt Disney the other day noted that its Disney+ customer base has crossed the 100 million mark, and Netflix boasts 204 million paying users worldwide. That's pretty good. Our Analysis: Provided that the company is traded above 29.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 30.40 Take Profit 1: 31.60 Take Profit 2: 32.10 Alternative scenario: In case of breakdown of the level 29.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 29.30  Take Profit 1: 28.40 Take Profit 2: 27.90 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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