Daily Trading Analysis 05.10.2020

Technical & Fundamental analysis

Trading Analysis of GBP/USD  Last weekend British Prime Minister B. Johnson in an interview with the BBC: Wouldn't want the transition period on Brexit to end on December 31 without a new trade deal with the EU; But if there is no deal, Britain will live without it; Believes that an agreement will be reached; Unfortunately, there are still some difficult issues to resolve; The EU needs to understand that Britain takes its control over its own laws very seriously; I would not like to get an Australia-WTO-style deal as a result, but "we will live well with it". Our Analysis: Provided that the currency pair is traded above 1.2910, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2935 Take Profit 1: 1.2955 Take Profit 2: 1.2980 Alternative scenario: In case of breakdown of the level 1.2910, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2910 Take Profit 1: 1.2890 Take Profit 2: 1.2860 Learn More Trading Analysis of GOLD/USD The price of gold rose on Friday and can show a maximum of almost two months of weekly rise, as the news of a positive coronavirus test by U.S. President Donald Trump provoked a rush into the safe-haven assets. Our Analysis: Provided that the price is below 1904.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1893.00 Take Profit 1: 1881.00 Take Profit 2: 1875.00  Alternative scenario: In case of breakout of the level 1904.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1904.00 Take Profit 1: 1912.00 Take Profit 2: 1917.00 Learn More Fundamental Trading Analysis of Pfizer The countdown has started, and we are not talking about presidential elections in the USA. The whole world is waiting for the results of the coronavirus vaccine testing, which is in the late testing stage. Positive clinical outcomes should direct to relatively rapid FDA approval for emergency use (EUA). It is possible that within the next few months, safe and effective vaccines will be available throughout the United States. It could be a turning point in the fight against a pandemic that has so far taken more than 200,000 lives across the country and seriously undermined the economy. Our Analysis: Provided that the company is traded above 35.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 36.38 Take Profit 1: 37.90 Take Profit 2: 38.50 Alternative scenario: In case of breakdown of the level 35.20, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 35.20 Take Profit 1: 34.20 Take Profit 2: 33.60 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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