Daily Trading Analysis 30.04.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD Reuters reports that the Bank of England's Chief Economist Haldane will step down after the June MPC meeting. Haldane will take over as head of the Royal Society of Arts. Our Analysis: Provided that the currency pair is traded below 1.3960, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3944 Take Profit 1: 1.3930 Take Profit 2: 1.3910 Alternative scenario: In case of breakout of the level 1.3960, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3960 Take Profit 1: 1.3980 Take Profit 2: 1.4000 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Thursday's trading higher on the strength of the telecommunications, finance and oil and gas sectors. The Dow Jones was up 0.71% at the close of trading on the New York Stock Exchange. Our Analysis: Provided that the index is traded above 33900.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34050.00 Take Profit 1: 34160.00 Take Profit 2: 34260.00 Alternative scenario: In case of breakdown of the level 33900.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 33900.00   Take Profit 1: 33695.00 Take Profit 2: 33560.00 Learn More Fundamental Trading Analysis of AT&T The decline in performance has been a label for AT&T for far too long. Over the past 25 years, the telecom company's stock price has risen only 25%. Over the same period, the S&P 500 has risen in value by nearly 540%. While the popularity of 5G networks offers the potential for AT&T stock to rebound, the stagnation in its stock price is likely to continue for the foreseeable future for the following reasons. Our Analysis: While the price is above 30.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 31.00 Take Profit 1: 32.10 Take Profit 2: 32.60 Alternative scenario: If the level 30.30 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 30.30  Take Profit 1: 29.40 Take Profit 2: 28.90 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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