Daily Trading Analysis 15.04.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD As the head of the US Federal Reserve Bank J. Powell said, continuing to speak at a virtual conference organized by the Economic Club of Washington: We are aiming for inflation that is moderately above the 2% mark; After staying below the 2% mark for a long time, inflation should moderately exceed our inflation target for some time; We will come to a point where it is time to start winding down when we have made significant progress toward our goals; The downward pressure on inflation is driven by factors such as globalization, technological development, and demographics; Low inflation and deflation reduce the ability of the Central Bank to withstand recessions; It is critical for the Fed to proactively communicate with the public. Our Analysis: Provided that the currency pair is traded above 0.7705, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7718 Take Profit 1: 0.7745 Take Profit 2: 0.7760 Alternative scenario: In case of breakdown of the level 0.7705, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7705 Take Profit 1: 0.7680 Take Profit 2: 0.7655 Learn More Trading Analysis of Nasdaq 100 Index Cryptocurrency exchange Coinbase shares were listed directly on Nasdaq on April 14. The opening price was $384. On the day of listing, bitcoin surpassed $64,000 and the total market capitalization was $2.3 trillion. The day before, Nasdaq set Coinbase's reference price at $250, which suggested a capitalization of $66 billion. On FTX, traders valued COIN at more than $620. Our Analysis: Provided that the index is traded below 14000.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13796.00 Take Profit 1: 13660.00 Take Profit 2: 13530.00 Alternative scenario: In case of breakout of the level 14000.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 14000.00   Take Profit 1: 14150.00 Take Profit 2: 14320.00 Learn More Fundamental Trading Analysis of Alibaba  Alibaba stock soared earlier this week after the company got a $2.8 billion fine from China's antitrust regulator, the State Administration for Market Regulation (SAMR). It may seem odd that Chinese e-commerce stocks surged on the news, climbing 9% because the announcement had the opposite effect of buying and selling rumors/selling news. But that's because investors had feared the threat of a fine from SAMR since December when the agency first announced an investigation into Alibaba. Our Analysis: Provided that the company is traded above 225.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 239.23 Take Profit 1: 265.70 Take Profit 2: 276.20 Alternative scenario: In case of breakdown of the level 225.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 225.30  Take Profit 1: 208.30 Take Profit 2: 198.30 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Customer Contact Data Notice Sent by info@paxforex.org