Daily Trading Analysis 12.04.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD According to Reuters, president and CEO of the Federal Reserve Bank of Dallas Kaplan said in an ongoing speech: I wouldn't want the Fed to create an obstacle for the Treasury bond market with its actions; Once the pandemic is over and we see progress on jobs and inflation, I will be in favor of rolling back QE; As for financial markets, I am more concerned about what I don't see than what I do see; The Fed's inflation target is still at 2%, even under the new policy strategy; I want to see real results, but I will still use forecasts as well. Our Analysis: Provided that the currency pair is traded below 1.3715, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3684 Take Profit 1: 1.3650 Take Profit 2: 1.3620 Alternative scenario: In case of breakout of the level 1.3715, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3715 Take Profit 1: 1.3740 Take Profit 2: 1.3770 Learn More Trading Analysis of GOLD/USD Gold declined on Friday amid a rising dollar and U.S. government bond yields. The spot gold price fell to $1.731.18 per troy ounce. Our Analysis: Provided that the price is below 1746.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1738.00 Take Profit 1: 1730.00 Take Profit 2: 1724.00 Alternative scenario: In case of breakdown of the level 1746.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1746.00   Take Profit 1: 1753.00 Take Profit 2: 1758.00 Learn More Fundamental Trading Analysis of ExxonMobil Without a doubt, 2020 was a pretty challenging year for energy businesses, and even the biggest names in the industry felt the brunt of it. But the oil market has begun to stabilize, and stocks like ExxonMobil have regained some of their lost ground. Still posting historically high returns of 6.1%, is this integrated energy giant worthy of investor attention today? Here are some aspects to consider before making a decision. Our Analysis: While the price is below 58.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 55.87 Take Profit 1: 52.00 Take Profit 2: 50.20 Alternative scenario: If the level 58.80 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 58.80  Take Profit 1: 61.90 Take Profit 2: 63.70 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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