Daily Trading Analysis 07.04.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY US: JOLTS job openings totaled 7.367 million in February: The forecast was 6.9 million; prev. 6.917 million; 3.357 million people quit their jobs in February compared to 3.311 million before. The layoff rate was 2.3% vs. 2.3% previously; 3.8% of departures vs. 3.7% previously; Temporary layoffs and furloughs 1.2% vs. 1.2% previously. Our Analysis: Provided that the currency pair is traded below 110.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 109.80 Take Profit 1: 109.55 Take Profit 2: 109.40 Alternative scenario: In case of breakout of the level 110.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 110.00  Take Profit 1: 110.25 Take Profit 2: 110.55 Learn More Trading Analysis of S&P 500 Index The U.S. stock market closed Tuesday's trading lower amid negative dynamics from the health care, technology and oil and gas sectors. The S&P 500 index fell 0.10% Our Analysis: Provided that the index is traded above 4035.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4080.00 Take Profit 1: 4100.00 Take Profit 2: 4125.00 Alternative scenario: In case of breakdown of the level 4035.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4035.00  Take Profit 1: 3995.00 Take Profit 2: 3954.00 Learn More Fundamental Trading Analysis of Bank of America The past five years have been tough for dividend-oriented investors. In an era of widespread technological disruption, the market has favored stocks that mostly do not pay dividends. Meanwhile, numerous mature companies that do pay high dividends tend to be threatened by this disruption. And companies that pay dividends and have strong companies usually trade at very high prices.  Our Analysis: While the price is above 37.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 39.49 Take Profit 1: 41.70 Take Profit 2: 42.80 Alternative scenario: If the level 37.30 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 37.30  Take Profit 1: 35.50 Take Profit 2: 34.50 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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