Daily Trading Analysis 06.01.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY The Japanese government's coronavirus response team said a state of emergency in Japan should be declared as soon as possible, Reuters reported. "A rapid spread of infection across the country could occur if the epidemic in Tokyo and surrounding regions do not subside," the group said. - In a state of emergency, measures should be strengthened to reduce the risk of infection associated with eating out." Our Analysis: Provided that the currency pair is traded above 102.55, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 102.75 Take Profit 1: 102.95 Take Profit 2: 103.10 Alternative scenario: In case of breakdown of the level 102.55, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 102.55 Take Profit 1: 102.40 Take Profit 2: 102.25 Learn More Trading Analysis of Dow Jones 30 Index The U.S. stock market closed Tuesday's trading on the rise as the market was watching the key election in Georgia which will determine whether Republicans retain the majority in the Senate. The market is under pressure from the continued high incidence of COVID-19, with more than 196,000 new cases and more than 2,000 deaths in the U.S. on Monday. At the same time, a new variety of coronavirus, which forced the UK authorities to introduce a new lockdown, was also detected in New York. The Dow Jones Industrial Average index rose 167.71 points (0.55%) to 30391.6 points on Tuesday. Our Analysis: Provided that the index is traded above 30160.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 30390.00 Take Profit 1: 30520.00 Take Profit 2: 30670.00 Alternative scenario: In case of breakdown of the level 30160.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 30160.00 Take Profit 1: 29880.00 Take Profit 2: 29750.00 Learn More Fundamental Trading Analysis of Alibaba Recently, Alibaba increased its current share buyback plan, which will last until the end of 2022, from $6 billion to $10 billion. The Chinese tech giant launched its initial buyback plan last May, and the higher limit looks like an attempt to comfort investors as the company faces more challenges. Our Analysis: While the price is below 258.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 240.40 Take Profit 1: 202.80 Take Profit 2: 190.30 Alternative scenario: If the level 258.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 258.30 Take Profit 1: 280.70 Take Profit 2: 294.20 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.

Laino Group Limited | Cedar Hill Crest, Villa, Kingstown, St. Vincent & Grenadines Unsubscribe edwardlorilla1986.paxforex@blogger.com About our service provider Sent by info@paxforex.org