Tuesday, December 22, 2020

Daily Trading Analysis 22.12.2020

Trading Analysis of EUR/USD

Federal Reserve, Brainard: it's important to strengthen the financial system to deal with climate change:
The Fed has made progress in trying to take climate concerns into account when setting policy;
The Fed plans to work with other U.S. financial regulators on climate change in the coming years;
 The Fed also plans to work with other foreign banks on climate change research.


Our Analysis:

Provided that the currency pair is traded below 1.2250, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1.2227
  • Take Profit 1: 1.2180
  • Take Profit 2: 1.2155

Alternative scenario:

In case of breakout of the level 1.2250, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1.2250
  • Take Profit 1: 1.2275
  • Take Profit 2: 1.2300

Trading Analysis of GOLD/USD


Gold rises on Tuesday as the market hopes for additional economic support amid the rapid spread of COVID-19 and ahead of the U.S. Federal Reserve's meeting.



Our Analysis:

Provided that the price is below 1884.00, follow these recommendations:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1875.00
  • Take Profit 1: 1868.00
  • Take Profit 2: 1855.00  

Alternative scenario:

In case of breakout of the level 1884.00, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1884.00
  • Take Profit 1: 1893.00
  • Take Profit 2: 1906.00

Fundamental Trading
Analysis of Verizon 

Verizon is about to make deep connections with both customers and investors. As more customers move to 5G-enabled devices, Verizon should finally begin to profit from its 5G investments.
Moreover, Verizon, T-Mobile, and AT&T have formed an oligopoly in the U.S. to provide this service. As more and more individuals, businesses, and gadgets move to 5G networks, Verizon must continue to generate stable, substantial yields for shareholders.


Our Analysis:

Provided that the company is traded below 61.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 59.00
  • Take Profit 1: 57.00
  • Take Profit 2: 56.00

Alternative scenario:

In case of breakout of the level 61.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 61.00
  • Take Profit 1: 62.00
  • Take Profit 2: 63.00

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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