Daily Trading Analysis 09.04.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD As ECB head Christine Lagarde said at the 43rd IMFC meeting, the pandemic and related containment measures will continue to have a negative impact on economic activity in the eurozone in the short term. Additional talking points: In the medium to long term, activity in the euro area should increase; Risks to the eurozone's growth outlook have become more balanced; Underlying price pressures are likely to increase somewhat this year; PEEP funds will not be fully utilized if favorable financing conditions continue; The size of the program may be adjusted. Our Analysis: Provided that the currency pair is traded below 1.1925, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1904 Take Profit 1: 1.1875 Take Profit 2: 1.1860 Alternative scenario: In case of breakout of the level 1.1925, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1925 Take Profit 1: 1.1940 Take Profit 2: 1.1955 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed Thursday's trading higher on the strength of the technology, manufacturing and consumer services sectors. The NASDAQ Composite Index was up 1.03%. Our Analysis: Provided that the index is traded above 13530.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13745.00 Take Profit 1: 13850.00 Take Profit 2: 14000.00 Alternative scenario: In case of breakdown of the level 13530.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13530.00  Take Profit 1: 13420.00 Take Profit 2: 13260.00 Learn More Fundamental Trading Analysis of JPMorgan Chase The last ten years have been very favorable for growth investors, but coming out of this pandemic-induced recession has been a stellar hour for undervalued stocks. As of April 6, the Russell 1000 Value Index was up 13% year-over-year, while the Russell 1000 Growth Index was up about 4% year-over-year. In March, the Wall Street Journal reported that this was the largest gap between value and growth since 2000 when the tech bubble burst. Twenty years later, value is rising not only after technology prices take off, but also as the economy improves after the recession, although the recession has not yet been officially declared to be over. Our Analysis: Provided that the company is traded above 148.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.90 Take Profit 1: 162.40 Take Profit 2: 165.90 Alternative scenario: In case of breakdown of the level 148.10, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 148.10  Take Profit 1: 142.10 Take Profit 2: 138.60 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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