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Trading Central: Analysts Views

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Trading Central, as among the global leaders of financial technology innovation, is setting the standard for market research and analytics. As a premium, one stop shop for investment decision support, we firmly believe the best way to support your brokerage business is by facilitating the long-lasting success of your investing customers.

We help them find and validate new opportunities, time their trades, learn about financial markets, and manage their risk. Our online broker solutions harness an award-winning fusion of automated AI analytics, beautiful user interfaces and registered investment adviser expertise.

Access to the full suites of daily technical analysis are available for MFM clients only. Clients may also download  the Trading Central/MFM Securities MetaTrader plugin for easy access on their charts.


STOCKS

ZOM: Zoom Video may fall to 216.70 – 234.90

Pivot: Our pivot point is at 324.30

Our preference: The downside prevails as long as 324.30 is resistance.

Alternative scenario: Above 324.30, look for 356.30 and 375.10.

Comment

The RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 347.3705 and 364.6304). Finally, Zoom Video Communications is trading below its lower daily Bollinger band (standing at 294.09).


CSCO: Cisco System may rise to 61.90 – 62.80

Pivot: Our pivot point stands at 57.50

Our preference: The upside prevails as long as 57.50 is support.

Alternative scenario: The downside breakout of 57.5 would call for 56 and 55.

Comment:

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 57.335 and 55.269).


COMMODITIES

Silver spot may rise to 24.33 – 24.50

Pivot: 23.98

Our preference: Long positions above 23.98 with targets at 24.33 & 24.50 in extension.

Alternative scenario: Below 23.98 look for further downside with 23.73 & 23.59 as targets.

Comment

The RSI lacks downward momentum.


FOREX

GBP/USD may rise 13 – 28 pips

Pivot: Our pivot point is at 1.3760

Our preference: Long positions above 1.3760 with targets at 1.3800 & 1.3815 in extension.

Alternative scenario: Below 1.3760 look for further downside with 1.3740 & 1.3730 as targets.

Comment:

The RSI shows upside momentum.


USD/CAD may fall 28 – 43 pips

Pivot: Our pivot point is at 1.2635

Our preference: Short positions below 1.2635 with targets at 1.2580 & 1.2565 in extension.

Alternative scenario: Above 1.2635 look for further upside with 1.2655 & 1.2675 as targets.

Comment

The RSI is mixed to bearish.


Disclaimer:

This article and the selected instruments are for general information purpose only. It is not an investment advice or a solicitation to buy or sell any securities. Opinions expressed are of the authors and not necessarily of MFM Securities Limited or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.