Daily Trading Analysis 13.10.2020

Technical & Fundamental analysis

Trading Analysis of AUD/USD The U.S. dollar rose at the start of European trading on Monday as negotiations on the latest stimulus measures seem to be struggling as the election approaches. Our Analysis: Provided that the currency pair is traded below 0.7200, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7184 Take Profit 1: 0.7160 Take Profit 2: 0.7145 Alternative scenario: In case of breakout of the level 0.7200, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7200 Take Profit 1: 0.7220 Take Profit 2: 0.7235 Learn More Trading Analysis of GOLD/USD Gold prices fell from a three-week high on Monday amid the dollar's recovery. However, the prospect of additional stimulus measures in the United States and the uncertainty surrounding the presidential election limited the decline. Our Analysis: Provided that the price is below 1925.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1912.04 Take Profit 1: 1900.00 Take Profit 2: 1890.00   Alternative scenario: In case of breakout of the level 1925.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1925.00 Take Profit 1: 1933.00 Take Profit 2: 1940.00 Learn More Fundamental Trading Analysis of Apple  The price of Apple shares this year rose by almost 60%, and it doubled in the last 12 months. The company's market capitalization - the largest on the U.S. stock exchanges - is 2.16 trillion dollars, and until recently, shares have repeatedly reached record highs.  Our Analysis: While the price is above 117.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 125.00 Take Profit 1: 128.60 Take Profit 2: 138.00 Alternative scenario: If the level 117.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 117.00 Take Profit 1: 112.00 Take Profit 2: 103.00 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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