Daily Trading Analysis 20.04.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD According to Reuters, President and CEO Federal Reserve Bank of Dallas R. Kaplan said that the economy will need to be "weaned" off the Fed's super-softening policy at the earliest opportunity. He also noted the difficulty of striking the right balance between too hasty and too late a decision when choosing a further monetary policy.  Our Analysis: Provided that the currency pair is traded above 1.2035, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2067 Take Profit 1: 1.2085 Take Profit 2: 1.2110 Alternative scenario: In case of breakout of the level 1.2035, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2035 Take Profit 1: 1.2015 Take Profit 2: 1.1995 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Monday's trading with a decline amid negative dynamics from the consumer goods, technology and consumer services sectors. The Dow Jones was down 0.36% at the close of trading on the New York Stock Exchange. Our Analysis: Provided that the index is traded below 34260.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 34040.00 Take Profit 1: 33890.00 Take Profit 2: 33700.00 Alternative scenario: In case of breakout of the level 34260.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34260.00  Take Profit 1: 34360.00 Take Profit 2: 34540.00 Learn More Fundamental Trading Analysis of McDonald's  It's not hard to name a reason, if not several, insinuating that it's better to get rid of McDonald's stock. Many franchisees were upset lately with their ever-increasing expense requirements, particularly given the pressure on the $15-an-hour minimum wage in the United States. Then there's the not-so-subtle fact that the fast-food business is amazingly competitive and apparently saturated. There are approximately 200,000 such restaurants in the U.S. alone. There is a renewed interest in healthier eating, and it seems as if McDonald's is facing too many headwinds. Our Analysis: While the price is above 227.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 233.08 Take Profit 1: 242.00 Take Profit 2: 245.70 Alternative scenario: If the level 227.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 227.40  Take Profit 1: 220.90 Take Profit 2: 217.20 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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