Daily Trading Analysis 04.05.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD According to Reuters, the president of the Dallas Federal Reserve Bank, R. Kaplan, said that he was concerned about excessive risk-taking by participants in the non-banking financial system. He added that these processes need more transparency. Kaplan also noted: If the global economy grows more slowly, the U.S. economy will also grow more slowly than it could; Vaccination is a major driver of economic development around the world. Our Analysis: Provided that the currency pair is traded below 0.7206, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7179 Take Profit 1: 0.7139 Take Profit 2: 0.7121 Alternative scenario: In case of breakout of the level 0.7206, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7206  Take Profit 1: 0.7236 Take Profit 2: 0.7254 Learn More Trading Analysis of GOLD/USD Gold futures prices rose in U.S. trading Monday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June delivery are trading at $1,793.10 per troy ounce, up 1.44% as of this writing. Our Analysis: Provided that the price is above 1781.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1788.00 Take Profit 1: 1799.00 Take Profit 2: 1811.00 Alternative scenario: In case of breakout of the level 1781.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1781.00   Take Profit 1: 1772.00 Take Profit 2: 1763.00 Learn More Fundamental Trading Analysis of Apple  Apple stepped into history on August 2, 2018, becoming the first U.S. publicly traded company to reach $1 trillion in market capitalization. After that, the business has maintained and even increased its lead over its competitors, and now has a market value of about $2.25 trillion. Our Analysis: While the price is above 127.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 132.88 Take Profit 1: 137.80 Take Profit 2: 145.00 Alternative scenario: In case of breakdown of the level 127.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 127.00  Take Profit 1: 116.00 Take Profit 2: 112.00 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 Constant Contact Data Notice Sent by info@paxforex.org