Daily Trading Analysis 12.11.2020

Technical & Fundamental analysis

Trading Analysis of USD/CHF As reported by the President of the Federal Reserve Bank of San Francisco M. Daley in an interview with CNBC: He expects growth to slow down in the future; The Fed's policy is consistent with the current situation; Fiscal support is crucial; In the face of the epidemic, continued support for Americans is essential; The vaccine is good news, but the priority now is to increase the rate of disease; Without fiscal assistance, economic growth will be slower; The Fed's powerful tools provide the regulator with enough flexibility to handle any situation. Our Analysis: Provided that the currency pair is traded above 0.9140, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9182 Take Profit 1: 0.9205 Alternative scenario: In case of breakdown of the level 0.9140, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9140 Take Profit 1: 0.9120 Take Profit 2: 0.9100 Learn More Trading Analysis of S&P 500 Index On Wednesday, the U.S. stock indices closed with a mixed momentum, with the S&P 500 and Nasdaq rising, while the Dow Jones dropped slightly after a two-day rise. The Standard & Poor's 500 rose 27.13 points (0.77%) to 3572.66 points. Goldman Sachs experts have raised the forecast of the stock index Standard & Poor's 500 at the end of this year to 3700 points from previously expected 3600 points. At the end of trading on Tuesday, its value was 3545.53 points. They also expect the S&P 500 to rise to 4300 points by the end of next year, as well as to reach 4600 points by the end of 2022. Our Analysis: Provided that the index is traded above 3510.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3563.00 Take Profit 1: 3645.00 Take Profit 2: 3690.00 Alternative scenario: In case of breakdown of the level 3510.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3510.00 Take Profit 1: 3440.00 Take Profit 2: 3385.00 Learn More Fundamental Trading Analysis of Alibaba The annual shopping event of Singles Day from Alibaba had high expectations, and the company did not disappoint with its sales of about 74 billion U.S. dollars. It is almost twice as much as last year's 38.4 billion dollars. But the threat of increased regulatory control has burdened Alibaba shares, and this week's shares fell by 10%. The company is 15 percent off its recent high, and the stock looks like it's on sale, but does that make buying BABA shares right now profitable? Our Analysis: While the price is below 288.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 265.65 Take Profit 1: 237.20 Take Profit 2: 225.20 Alternative scenario: If the level 288.50 is broken-out, follow the recommendations below. Time frame: D1 Recommendation: long position Entry point: 288.50 Take Profit 1: 309.40 Take Profit 2: 322.20 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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