Daily Trading Analysis 28.12.2020

Technical & Fundamental analysis

Trading Analysis of USD/JPY As Head of Bank of Japan H. Kuroda said, the regulator expects the national economy to grow moderately in line with the trend: There remains high uncertainty about the outlook for the economy; The central bank does not expect Japan to return to deflation, but is keeping a close eye on price dynamics in light of current uncertainties; In the upcoming monetary policy revision, the central bank sees no need to revisit yield curve controls; The CB will examine various policy instruments, including yield curve controls and asset purchases, for their effectiveness; The Central Bank should be prepared to act flexibly and take the necessary effective measures in response to possible changes in the economic or financial environment; An extended period of ultra-low interest rates has hurt financial institution profits. Our Analysis: Provided that the currency pair is traded above 103.43, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 103.50 Take Profit 1: 103.62 Take Profit 2: 103.75 Alternative scenario: In case of breakdown of the level 103.43, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 103.43 Take Profit 1: 103.35 Take Profit 2: 103.26 Learn More Trading Analysis of GOLD/USD Gold is rising in price thanks to the decline of the dollar, investors are waiting for an agreement on trade relations between the UK and the EU after Brexit. The UK and the EU are on the verge of a trade agreement, which supports the pound and puts pressure on the dollar. The depreciation of the dollar makes gold more attractive to holders of other currencies. Our Analysis: Provided that the price is above 1875.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1880.00 Take Profit 1: 1895.00 Take Profit 2: 1907.00 Alternative scenario: In case of breakdown of the level 1875.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1875.00 Take Profit 1: 1870.00 Take Profit 2: 1860.00 Learn More Fundamental Trading Analysis of Boeing  Boeing has made investors seriously nervous this year. The company's stock lost 75% of its value at the beginning of the year, but in the past few months, it has started to rise strongly again. As of the close of trading last week, the stock was still down about 32% for the year. As you know, it only took one or two punches for this aerospace giant to get knocked out. First, the 737 MAX was grounded, and then the pandemic, which crushed airline demand, reduced airline revenues, and forced carriers across the industry to derail all growth plans. Our Analysis: Provided that the price is above 199.00, follow these recommendations: Time frame: D1 Recommendation: long position Entry point: 220.00 Take Profit 1: 238.49 Take Profit 2: 270.51  Alternative scenario: In case of breakdown of the level 199.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 199.00 Take Profit 1: 175.87 Take Profit 2: 145.29 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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