Daily Trading Analysis 21.04.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD Britain: The unemployment situation is better than expected: Britain: March, claims for unemployment benefits 10.1 thousand vs. pre. 67.3 thousand (revised from 86.6 thousand); Unemployment rate 7.3% vs. pre. 7.3% (revised from 7.5%); February, ILO unemployment rate 4.9% vs. 5.0% forecast and pre. 5.0%; Employment rate -73 ths. vs. the forecast of -145 ths. and pre. 147 ths. February,  Average Weekly Earnings including bonuses +4.5% 3m/y vs. pre. +4.8%; Average weekly earnings excluding bonuses +4.4% 3m/y vs. forecast +4.2% and pre. +4.3% (revised from +4.2%). Our Analysis: Provided that the currency pair is traded below 1.3975, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3929 Take Profit 1: 1.3900 Take Profit 2: 1.3870 Alternative scenario: In case of breakout of the level 1.3975, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3975 Take Profit 1: 1.4010 Take Profit 2: 1.4040 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed Tuesday's trading lower on the back of negative dynamics from the oil and gas, commodities and financial sectors. The NASDAQ Composite Index was down 0.92% at the close of trading on the New York Stock Exchange. Our Analysis: Provided that the index is traded below 13935.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13810.00 Take Profit 1: 13640.00 Take Profit 2: 13535.00 Alternative scenario: In case of breakout of the level 13935.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13935.00   Take Profit 1: 14050.00 Take Profit 2: 14165.00 Learn More Fundamental Trading Analysis of Pfizer  It's been 13 months since Pfizer announced its partnership with BioNTech to develop a vaccine for COVID-19. Since then, Pfizer stock is up more than 26%. That might not seem like a bad performance until you consider that the S&P 500 Index has risen nearly 2.5 times in the same period. Our Analysis: While the price is above 38.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 39.00 Take Profit 1: 41.60 Take Profit 2: 42.10 Alternative scenario: If the level 38.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 38.00  Take Profit 1: 37.00 Take Profit 2: 36.50 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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