Daily Trading Analysis 14.09.2020

Technical & Fundamental analysis

Trading Analysis of EUR/USD As the head of ECB C. Lagarde stated last weekend: Continuation of expansionary fiscal policy is vital to prevent a massive loss of jobs and to support household incomes until recovery is more robust; The ECB will carefully assess incoming data, including data on the euro appreciation, which is a risk factor for the economy and inflation. Our Analysis: Provided that the currency pair is traded above 1.1825, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1845 Take Profit 1: 1.1860 Take Profit 2: 1.1875 Alternative scenario: In case of breakdown of the level 1.1825, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1825 Take Profit 1: 1.1810 Take Profit 2: 1.1795 Learn More Trading Analysis of Dow Jones Index The U.S. stock markets closed on Friday on the upside after a decline in the previous session, with technology stocks rising in price after the strong Oracle earnings report. Also, market participants are evaluating data on U.S. inflation. Consumer prices rose 0.4 percent in monthly terms in August, while analysts predicted a 0.3 percent increase. The Dow Jones Index rose to 27896.52 on Monday. Our Analysis: Provided that the index is traded above 27428.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 27890.00 Take Profit 1: 28225.50 Take Profit 2: 28605.50 Alternative scenario: In case of breakdown of the level 27428.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 27428.00 Take Profit 1: 27030.00 Take Profit 2: 26537.00 Learn More Fundamental Trading Analysis of Intel  Intel shares are traded 18% lower than last year, 14% above its March bottom. Meanwhile, the S&P 500 grew by 4% in 2020 and Intel Advanced Micro Devices by 72%. Critics argue that the recent Intel manufacturing problem in its 7-nanometer chips allows AMD to take a share of the data center and home computing market. It is particularly unpleasant at a time when the home computing policy is stimulating a high demand for this category of products. The production problems are so deep that Intel is actually using third party services such as Taiwan Our Analysis: Provided that the company is traded above 47.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 49.60 Take Profit 1: 52.30 Take Profit 2: 53.50 Alternative scenario: In case of breakdown of the level 47.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 47.80 Take Profit 1: 46.00 Take Profit 2: 44.80 Learn More Fundamental Trading Analysis of EUR/JPY Final Japanese Industrial Production for July increased by 8.7% monthly and decreased by 15.5% annualized. Forex traders can compare this to Japanese Industrial Production for June, which increased by 1.9% monthly, and which decreased by 18.2% annualized. Capacity Utilization for July increased by 9.6% monthly. Forex traders can compare this to Capacity Utilization for June, which increased by 6.2% monthly. The Japanese Tertiary Industry Index for July decreased by 0.5% monthly. Economists predicted an increase of 0.6% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for June, which increased by 7.9% monthly. Our Analysis: Should price action for the EURJPY remain inside the or breakdown below the 125.500 to 126.000 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 125.700 Take Profit Zone: 121.950 – 122.850 Stop Loss Level: 126.500 Alternative scenario: Should price action for the EURJPY breakout above 126.000 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 126.500 Take Profit Zone: 127.100 – 127.500 Stop Loss Level: 126.000 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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