Daily Trading Analysis 26.04.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD The authorities of Great Britain and Australia have agreed on free trade. Lifting restrictions should make the economy of the two countries healthier, said the British Minister for International Trade. She also emphasized that supporting measures are especially important in the conditions of the pandemic. The agreement is expected to be signed in June 2021. Our Analysis: Provided that the currency pair is traded above 0.7740, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7775 Take Profit 1: 0.7790 Take Profit 2: 0.7815 Alternative scenario: In case of breakdown of the level 0.7740, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7740 Take Profit 1: 0.7720 Take Profit 2: 0.7705 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Friday's trading with growth due to the strengthening of commodities, technology, and financial sectors. At the close of trading on the New York Stock Exchange Dow Jones rose by 0.67%. Goldman Sachs Group Inc. was the biggest gainer among Dow Jones index components, up 8.48p (2.56%) to close at 339.33. Our Analysis: Provided that the index is traded above 33683.19, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34091.00 Take Profit 1: 34500.00 Take Profit 2: 34600.00 Alternative scenario: In case of breakdown of the level 33683.19, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 33683.19   Take Profit 1: 33495.00 Take Profit 2: 33020.00 Learn More Fundamental Trading Analysis of 3M There is no denying the fact that 3M stock has been under significant pressure lately. Yes, the stock still looks undervalued over the long term, but that depends on management meeting its turnover goals. The good news is that the company has a strong enough financial foundation to do so and is actively pursuing change. The bad news is the following: There isn't enough serious indication that the restructuring is having a meaningful influence, and the forthcoming first-quarter earnings report, due out April 27, may be even more confusing than clarifying the situation. Our Analysis: While the price is above 197.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 202.20 Take Profit 1: 208.60 Take Profit 2: 211.30 Alternative scenario: If the level 197.40 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 197.40  Take Profit 1: 193.00 Take Profit 2: 190.30 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