Daily Trading Analysis 27.04.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY  The Dallas Fed released its Texas Manufacturing Outlook Survey for April.: 37.3 versus the expected 30; Previous reading 28.9; Manufacturing 34.0 vs. previous 48.0; Price and Wage Pressure vs. previous reading 66.0. Our Analysis: Provided that the currency pair is traded above 108.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 108.27 Take Profit 1: 108.55 Take Profit 2: 108.70 Alternative scenario: In case of breakdown of the level 108.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 108.00 Take Profit 1: 107.85 Take Profit 2: 107.60 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed Monday's trading multidirectional due to the strengthening of commodities, technology and oil and gas sectors. The market is demonstrating on the back of the negative dynamics in the telecommunication, utilities and consumer goods sectors. The NASDAQ Composite Index rose 0.87%. Our Analysis: Provided that the index is traded above 13920.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 14035.00 Take Profit 1: 14150.00 Take Profit 2: 14210.00 Alternative scenario: In case of breakdown of the level 13920.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13920.00   Take Profit 1: 13845.00 Take Profit 2: 13715.00 Learn More Fundamental Trading Analysis of Amazon Amazon enjoyed a terrific fourth-quarter performance, with $125 billion in sales. Such a result will not be easy to repeat. Nevertheless, the perspective is quite encouraging, and the e-commerce and technology giant is scheduled to announce first-quarter earnings on Thursday, April 29. Amazon has undoubtedly become one of the favorites of investors. More and more consumers continue to take advantage of Prime's membership, which now has more than 150 million members. This growing customer base is helping Amazon strengthen its leadership position by attracting a large number of third-party sellers. In the fourth quarter, third-party merchant sales accounted for 55% of Amazon's total billable units in its retail business, the highest level in the company's history.  Our Analysis: Provided that the company is traded above 3216.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3340.00 Take Profit 1: 3520.00 Take Profit 2: 3591.00 Alternative scenario: In case of breakdown of the level 3216.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3216.00  Take Profit 1: 3097.00 Take Profit 2: 3027.00 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