Daily Trading Analysis 30.12.2020

Technical & Fundamental analysis

Trading Analysis of USD/CHF After the Swiss National Bank's (SNB) monetary policy update, Chairman Jordan said during a press conference that there is a lot of pressure on the franc exchange rate in times of uncertainty. SNB board member Andrea Mehler also commented on the importance of the exchange rate, noting that it continues to be closely monitored. "That's why we have made significant purchases of foreign exchange this year. The expansionary monetary policy counteracts the pressure on the Swiss franc. Our Analysis: Provided that the currency pair is traded below 0.8850, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.8820 Take Profit 1: 0.8800 Take Profit 2: 0.8785 Alternative scenario: In case of breakout of the level 0.8850, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.8850 Take Profit 1: 0.8875 Take Profit 2: 0.8900 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Tuesday's trading lower after the major indicators reached the new record highs the day before. The Dow Jones Industrial Average index declined 68.3 points (0.22%) to 30,335.67 points. U.S. Senate Republican Majority Leader Mitch McConnell blocked a vote on increasing direct payments in the new stimulus package to $2,000 from $600, CNBC reported. On Monday, the House of Representatives voted to increase the payments, which Trump had insisted on. Our Analysis: Provided that the index is traded above 30300.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 30421.00 Take Profit 1: 30600.00 Take Profit 2: 30800.00 Alternative scenario: In case of breakdown of the level 30300.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 30300.00 Take Profit 1: 30100.00 Take Profit 2: 29900.00 Learn More Fundamental Trading Analysis of Walmart  Walmart has long been a triumph, which has led to the company encouraging shareholders to pay good dividends. But there are many companies that pay dividends. As we've seen this year, many of them, including large and well-established companies, have suspended or reduced their payments. Of course, the COVID-19 pandemic has created uncertainty and hurt companies' results, especially in some industries. Nevertheless, the performance of giant retailers like Costco and Target suggests that investors have relatively low expectations for the year ahead. With that in mind, let's take a look at what really impacted Walmart's performance in 2020 and what we should expect in 2021. Our Analysis: While the price is below 149.60, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 146.38 Take Profit 1: 140.70 Take Profit 2: 138.40 Alternative scenario: If the level 149.60 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.60 Take Profit 1: 153.40 Take Profit 2: 155.60 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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