Daily Trading Analysis 04.01.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD Within the past three days, 19 cases of infection with SARS-CoV-2 coronavirus were detected in New Zealand, according to the press service of the New Zealand Ministry of Health. It is reported that all cases of infection were detected among those arriving in the country from abroad, they were subjected to mandatory quarantine. Our Analysis: Provided that the currency pair is traded below 0.7210, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7190 Take Profit 1: 0.7166 Take Profit 2: 0.7155 Alternative scenario: In case of breakout of the level 0.7210, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7210 Take Profit 1: 0.7228 Take Profit 2: 0.7239 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed trading multidirectional due to strengthening sectors of utilities, finance and health care. The market is demonstrating negative dynamics on the part of the oil and gas, technology and consumer services sectors. NASDAQ Composite index is down 0.03%. Our Analysis: Provided that the index is traded above 12435.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12887.00 Take Profit 1: 13025.00 Take Profit 2: 13450.00 Alternative scenario: In case of breakdown of the level 12435.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12435.00 Take Profit 1: 11770.00 Take Profit 2: 11105.00 Learn More Fundamental Trading Analysis of Intel  Despite the overall boom in tech stocks last year, one big notable exception was Intel. Recently known as the dominant company in the computer space, the company has posted negative results for the last quarter of 2020, made worse by internal problems, and the stock is down 14.7%, including dividends. That's a huge drop compared to the semiconductor sector, which was up 55.5% last year. Our Analysis: Provided that the price is above 48.40, follow these recommendations: Time frame: D1 Recommendation: long position Entry point: 49.90 Take Profit 1: 50.80 Take Profit 2: 52.20 Alternative scenario: In case of breakdown of the level 48.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 48.40 Take Profit 1: 42.40 Take Profit 2: 41.00 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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