Daily Trading Analysis 18.12.2020

Technical & Fundamental analysis

Trading Analysis of AUD/USD Powell, Q&A: We will not attribute "substantial further progress" to the numbers: The interest rate and balance sheet tools, which provide powerful support for the economy, will continue to be used; The current economic downturn is the most severe of all; Recovery may require continued support from both fiscal and monetary policy; I will not denote substantial progress by specific numbers; Employment should be "substantially" closer to full employment. Our Analysis: Provided that the currency pair is traded below 0.7630, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7603 Take Profit 1: 0.7565 Take Profit 2: 0.7545 Alternative scenario: In case of breakout of the level 0.7630, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7630 Take Profit 1: 0.7650 Take Profit 2: 0.7665 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed the trading session at record highs thanks to hopes for agreement in Washington on an additional bailout package by the end of 2020. Investors largely ignored the data published on Thursday, which showed weakness in the economy amid the renewed spread of COVID-19, and focused on the fact that the negotiators in the U.S. Congress are close to passing another package of assistance to workers and businesses affected by the pandemic. Our Analysis: Provided that the index is traded above 30075.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 30270.00 Take Profit 1: 30320.00 Take Profit 2: 30460.00 Alternative scenario: In case of breakdown of the level 30075.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 30075.00 Take Profit 1: 29820.00 Take Profit 2: 29650.00 Learn More Fundamental Trading Analysis of Johnson & Johnson Johnson & Johnson is considered by investors to be one of the most reliable companies in the world. For one thing, the company has raised its dividend for 58 consecutive years. That reputation has been tarnished by litigation over the past decade. At the same time, management's announcement of progress in developing a vaccine against COVID-19 offers hope that the once-pristine blue-chip image may be restored. Although its clinical trials lag behind other companies in terms of timeline, one detail will get people praising the company again. Our Analysis: While the price is above 148.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 152.00 Take Profit 1: 158.00 Take Profit 2: 160.00 Alternative scenario: If the level 148.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 148.00 Take Profit 1: 144.00 Take Profit 2: 142.00 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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