Daily Trading Analysis 11.09.2020

Technical & Fundamental analysis

Trading Analysis of USD/CHF The dollar rose as traders reduced bearish positions on fears that other central banks, in particular the European Central Bank, would seek to stop too much strengthening of their national currencies. Our Analysis: Provided that the currency pair is traded above 0.9075, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9098 Take Profit 1: 0.9115 Take Profit 2: 0.9135 Alternative scenario: In case of breakdown of the level 0.9075, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9075 Take Profit 1: 0.9060 Take Profit 2: 0.9045 Learn More Trading Analysis of Nasdaq 100 The stock market in the U.S. is not going to recover too convincingly when opening up after the defeat of the high-tech sector that led to the NASDAQ correction. Our Analysis: Provided that the index is traded below 11770.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 11135.00 Take Profit 1: 10870.00 Take Profit 2: 10300.00 Alternative scenario:  In case of breakout of the level 11770.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11770.00 Take Profit 1: 12150.00 Take Profit 2: 12490.00 Learn More Fundamental Trading Analysis of Twitter  Most of the latest news from social networks has focused on TikTok, a hit application for short videos from Chinese company ByteDance. It is not surprising; its potential acquisition by a major U.S. technology company could happen in the coming days, and it was in the center of the U.S.-Chinese trade war. Our Analysis: Provided that the company is traded above 36.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 39.87 Take Profit 1: 44.10 Take Profit 2: 45.50 Alternative scenario: In case of breakdown of the level 36.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 36.80 Take Profit 1: 34.70 Take Profit 2: 33.50 Learn More Fundamental Trading Analysis of XRP/USD Ripple CEO Brad Garlinghouse is stirring up the community again after he retweeted a tweet from European Central Bank President Christine Lagarde. She responded in her tweet to European Commission President Ursula von der Leyen. Lagarde noted three items the central bank requests for a strong EU future. They were a faster digital transition, climate protection, and completed banking and capital markets unions, backed by cutting-edge payment systems. All three are present in RippleNet and the XRP Ledger, using the XRP token, which the Ripple Foundation has pointed out for years. Our Analysis: Should price action for the XRP/USD remain inside the or breakdown below the 0.2350 to 0.2450 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.2390 Take Profit Zone: 0.1690 – 0.1795 Stop Loss Level: 0.2650 Alternative scenario: Should price action for the XRP/USD breakout above 0.2450 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.2650 Take Profit Zone: 0.3180 – 0.3250 Stop Loss Level: 0.2450 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.

Laino Group Limited | Cedar Hill Crest, Villa, Kingstown, St. Vincent & Grenadines Unsubscribe phanhoa1821960.trader@blogger.com About our service provider Sent by info@paxforex.com