Daily Trading Analysis 13.05.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD According to Reuters, the deputy head of the Federal Reserve Bank R. Clarida said during a speech: It's not yet time to wind down the support the Fed has provided to the economy; We'll be watching wage, compensation, and productivity trends; We have not yet made significant progress on our labor market goals; The latest jobs report reaffirmed the Fed's data-driven approach; We will evaluate the data coming in this year and give the markets advance notice of any decision to roll back QE; We will prudently accumulate more data before making a decision; The economy is recovering at an uneven pace; The Fed's patience with inflation is not infinite; inflation expectations must remain contained. Our Analysis: Provided that the currency pair is traded above 0.7134, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7161 Take Profit 1: 0.7193 Take Profit 2: 0.7209 Alternative scenario: In case of breakdown of the level 0.7134, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7134  Take Profit 1: 0.7108 Take Profit 2: 0.7093 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed Wednesday's trading lower amid negative dynamics from the technology, commodities and consumer services sectors. The NASDAQ Composite index fell 2.67%. Our Analysis: Provided that the index is traded below 13235.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12980.00 Take Profit 1: 12900.00 Take Profit 2: 12675.00 Alternative scenario: In case of breakout of the level 13235.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13235.00   Take Profit 1: 13390.00 Take Profit 2: 13650.00 Learn More Fundamental Trading Analysis of Twitter  Shares of Twitter dropped more than 20 percent after the latest earnings report was released as investors reacted to its first-quarter results. Although the company marginally beat analysts' estimates, results in key metrics such as revenue and growth in monetizable daily active users (mDAUs) were not strong.  Our Analysis: Provided that the company is traded below 59.20, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 53.79 Take Profit 1: 47.10 Take Profit 2: 43.90 Alternative scenario: In case of breakout of the level 59.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 59.20  Take Profit 1: 64.60 Take Profit 2: 67.80 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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