Daily Trading Analysis 19.11.2020

Trading Analysis of EUR/USD

As reported last night by the President of the Richmond Federal Reserve Bank T. Barkin:
The next few months will be difficult for people; governments are adapting to the growing risks associated with the virus;
The news about the vaccine are very positive for the business community, which can start planning investments;
Every new month of buying assets means additional stimulus and more support for the economy;
When asked about the new stimulus measures: "Let's see how things go further."


Our Analysis:

Provided that the currency pair is traded below 1.1860, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1.1850
  • Take Profit 1: 1.1830
  • Take Profit 2: 1.1820

Alternative scenario:

In case of breakout of the level 1.1860, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1.1860
  • Take Profit 1: 1.1875
  • Take Profit 2: 1.1890


Trading Analysis of GOLD/USD

The price of gold dropped slightly on Wednesday. Investors weighed the news of new coronavirus vaccine development and the chances of further economic support amid a sharp increase in the number of infected in some regions of the world.


Our Analysis:

Provided that the price is below 1874.00, follow these recommendations:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1862.00
  • Take Profit 1: 1855.00
  • Take Profit 2: 1848.00

Alternative scenario:

In case of breakout of the level 1874.00, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1874.00
  • Take Profit 1: 1885.00
  • Take Profit 2: 1892.00

Fundamental Trading
Analysis of Cisco 

Famous software vendor Microsoft has earned praise for its successful transition from desktop to cloud computing. As a result, MSFT shares have grown. Many investors may wonder: is it worth buying Microsoft shares now?
Bill Gates and Paul Allen founded Microsoft in 1975 at the dawn of the personal computer era to make software for the PC operating system. The company's Windows operating system began to dominate the personal computer industry. Over the years, Microsoft has expanded its activities to software to improve performance, server software, Internet services, video games, as well as hardware and accessories for the PC.


Our Analysis:

As long as the price is below 216.10, follow these recommendations:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 215.60
  • Take Profit 1: 207.90
  • Take Profit 2: 205.60

Alternative scenario:

In case of breakout of the level 216.10, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 216.10
  • Take Profit 1: 219.90
  • Take Profit 2: 222.20

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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