Daily Trading Analysis 06.04.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD According to a Reuters poll of 24 economists, Australia's central bank will hold its key interest rate at a record low of 0.10% at tomorrow's monetary policy meeting. Preservation of the status quo at the end of the meeting on April 6 expects 23 respondents; 1 economist predicts a rate cut to 0.05%; Economists expect rates to be maintained at current levels through the end of 2022. The regulator itself said it does not intend to raise rates until inflation returns to its medium-term target range of 2-3%. Our Analysis: Provided that the currency pair is traded below 0.7660, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7630 Take Profit 1: 0.7615 Take Profit 2: 0.7595 Alternative scenario: In case of breakout of the level 0.7660, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7660 Take Profit 1: 0.7680 Take Profit 2: 0.7770 Learn More Trading Analysis of GOLD/USD Gold prices declined on Monday as U.S. government bond yields rose and the dollar gained ground after U.S. labor statistics exceeded expectations, bolstering optimism that the economy is recovering fast. Gold regained ground late in the session. Our Analysis: Provided that the price is above 1721.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1733.00 Take Profit 1: 1739.00 Take Profit 2: 1753.00 Alternative scenario: In case of breakdown of the level 1721.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1721.00  Take Profit 1: 1710.00 Take Profit 2: 1705.00 Learn More Fundamental Trading Analysis of Microsoft  Microsoft is one of the largest businesses in the world, with a market capitalization of $1.8 trillion. The company's operations range from office productivity and collaboration tools to cloud computing and gaming services. Within the last several years, MSFT stock has beaten the broad market, skyrocketing more than 160%, matched with a 52% increase for the S&P 500. But. as we know, past performance is no guarantee of future success. Is Microsoft still a relevant investment? Let`s try to find out. Our Analysis: Provided that the price is above 230.00, follow these recommendations: Time frame: D1 Recommendation: long position Entry point: 250.00 Take Profit 1: 255.00 Take Profit 2: 275.00 Alternative scenario: In case of breakdown of the level 230.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 230.00   Take Profit 1: 224.00 Take Profit 2: 212.00 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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