Monday, December 14, 2020

Daily Trading Analysis 14.12.2020

Trading Analysis of NZD/USD

Six cases of SARS-CoV-2 coronavirus infection have been detected in New Zealand over the past day, according to the press service of the New Zealand Ministry of Health. It is noted that all infected people arrived in the country from abroad, coronavirus infection among them was detected during the passage of the mandatory quarantine. No cases of local spread of infection have been recorded.


Our Analysis:

Provided that the currency pair is traded below 0.7112, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 0.7087
  • Take Profit 1: 0.7055
  • Take Profit 2: 0.7042


Alternative scenario:

In case of breakout of the level 0.7112, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 0.7112
  • Take Profit 1: 0.7134
  • Take Profit 2: 0.7148

Trading Analysis of Dow Jones 30 Index

U.S. stock indices were mixed on Friday amid uncertainty about the prospects of the U.S. Congress adopting the next economic stimulus package and unsuccessful negotiations between Britain and the European Union about the relations of the parties after Brexit. At the same time, investors hope that the soon introduction of COVID-19 vaccines may contribute to economic recovery.


Our Analysis:

Provided that the index is traded above 28900.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: long position
  • Entry point: 30038.00
  • Take Profit 1: 31300.00
  • Take Profit 2: 32300.00

Alternative scenario:

In case of breakdown of the level 28900.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: short position
  • Entry point: 28900.00
  • Take Profit 1: 27570.00
  • Take Profit 2: 26100.00

Fundamental Trading
Analysis of Facebook 

FB stock has been under pressure this year from Covid and a high-profile boycott. Facebook's business is in the spotlight. And third-quarter earnings suggest that the company can overcome fears of a post-pandemic slowdown. But now FANG stock has another threat to overcome: antitrust lawsuits filed by the federal government and 48 states.


Our Analysis:

Provided that the price is below 291.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 271.00
  • Take Profit 1: 248.00
  • Take Profit 2: 237.00

Alternative scenario:

In case of breakout of the level 291.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 291.00
  • Take Profit 1: 309.00
  • Take Profit 2: 321.00

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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