Daily Trading Analysis 12.05.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Federal Reserve Bank, Brainard: The pace of recovery in labor market supply and demand is different: It causes friction; We will push for as close to full employment as possible; We will push inflation closer to 2%; Expect progress on employment and inflation; The Fed is aiming for maximum employment; We know that many people are afraid to go back to work because of the virus; Less than 1 in 4 people of working age had received the vaccine by the time the April jobs report was released; People want to go back to work. Our Analysis: Provided that the currency pair is traded above 1.2090, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2116 Take Profit 1: 1.2145 Take Profit 2: 1.2160 Alternative scenario: In case of breakdown of the level 1.2090, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2090  Take Profit 1: 1.2075 Take Profit 2: 1.2055 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Tuesday's trading lower on the back of negative dynamics from the oil and gas, finance and utilities sectors. The Dow Jones was down 1.36% at the close on the New York Stock Exchange. Our Analysis: Provided that the index is traded below 34575.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 34270.00 Take Profit 1: 33845.00 Take Profit 2: 33750.00 Alternative scenario: In case of breakout of the level 34575.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34575.00   Take Profit 1: 34745.00 Take Profit 2: 35090.00 Learn More Fundamental Trading Analysis of Apple  According to some investors, Apple may have lost its investment attractiveness. Since it has been about 10 years since Steve Jobs stepped down as CEO, one would assume that the company is past its best days. Our Analysis: While the price is below 131.25, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.91 Take Profit 1: 120.70 Take Profit 2: 116.00 Alternative scenario: If the level 131.25 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 131.25  Take Profit 1: 137.00 Take Profit 2: 145.00 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.

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