Daily Trading Analysis 09.09.2020

Technical & Fundamental analysis

Trading Analysis of USD/CAD The Canadian real estate market was inactive at the peak of the COVID-19 pandemic. But now, due to accumulated demand, lack of supply, and historically low-interest rates, prices continue to rise. The Remax Reality survey forecasts a 4.6% increase in real estate prices in Canada this year. Our Analysis: Provided that the currency pair is traded above 1.3200 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3230 Take Profit 1: 1.3270 Take Profit 2: 1.3300 Alternative scenario: In case of breakdown of the level 1.3200, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3200 Take Profit 1: 1.3175 Take Profit 2: 1.3145 Learn More Trading Analysis of Nasdaq 100 Wall Street saw its worst decline since June, with the Nasdaq Composite (COMP) falling 4.5 percent last week. According to CNN experts, the fall in quotes was affected by the fact that Nasdaq has been ahead of the other two major stock indices for several months - Dow (INDU) and S&P 500 (SPX). Our Analysis: Provided that the index is traded below 11400.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 11060.00 Take Profit 1: 10940.00 Take Profit 2: 10680.00 Alternative scenario: In case of breakout of the level 11400.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11400.00 Take Profit 1: 11580.00 Take Profit 2: 11745.00 Learn More Fundamental Trading Analysis of Boeing Nearly the whole squadron of Boeing 787 Dreamliners may be subject to quality control inspections by the American aviation regulators. Because of this news. Boeing shares have fallen in price. Individual sections of the rear fuselage, manufactured at a plant in South Carolina, did not meet Boeing's own design and manufacturing standards, as per a Federal Aviation Administration note published in The Wall Street Journal. Also, the FAA inspection is currently underway at the highest level, which may require inspection of up to 900 of the 1,000,787 Dreamliners delivered, the report said. Our Analysis:  Provided that the asset is traded below 176.40 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.08 Take Profit 1: 139.80 Take Profit 2: 132.70 Alternative scenario: In case of breakout of the level 176.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 176.40 Take Profit 1: 188.40 Take Profit 2: 195.80 Learn More Fundamental Trading Analysis of AUD/CHF Australian Westpac Consumer Confidence for September increased by 18.0% monthly to 93.8. Forex traders can compare this to Australian Westpac Consumer Confidence for August, which decreased by 9.5% monthly to 79.5. Australian Home Loans for July increased by 10.7% monthly, and Investment Lending for Homes increased by 3.5% monthly. Forex traders can compare this to Australian Home Loans for June, which increased by 5.5% monthly, and to Investment Lending for Homes, which increased by 8.1% monthly. Our Analysis: Should price action for the AUD/CHF remain inside the or breakdown below the 0.6600 to 0.6650 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.6625 Take Profit Zone: 0.6420 – 0.6470 Stop Loss Level: 0.6675 Alternative scenario: Should price action for the AUD/CHF breakout above 0.6650 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.6675 Take Profit Zone: 0.6710 – 0.6740 Stop Loss Level: 0.6650 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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