Daily Trading Analysis 08.01.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF According to Reuters, Thomas Barkin, head of the Federal Reserve Bank of Richmond, said Thursday that mass vaccination against the coronavirus is unlikely to happen before this summer. "The results of the congressional races will likely allow more support for the least fortunate applicants, but still hold back more ambitious programs. There are still deflationary forces restraining prices. The second half of 2021 is expected to be robust in terms of business and consumer spending. The first half of the year is likely to be slow, with limited declines, given household savings and the transfer of power in the state. Our Analysis: Provided that the currency pair is traded above 0.8835, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.8848 Take Profit 1: 0.8875 Take Profit 2: 0.8890 Alternative scenario: In case of breakdown of the level 0.8835, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.8835 Take Profit 1: 0.8820 Take Profit 2: 0.8800 Learn More Trading Analysis of Nasdaq 100 Index Major U.S. stock indices rose on Thursday and ended trading at record highs. The Nasdaq ended trading above 13,000 points for the first time. U.S. congressmen in a joint session on Wednesday certified the results of the U.S. presidential election, affirming the victory of Democrat Joe Biden. Our Analysis: Provided that the index is traded above 12800.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12945.00 Take Profit 1: 13070.00 Take Profit 2: 13170.00 Alternative scenario: In case of breakdown of the level 12800.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12800.00 Take Profit 1: 11770.00 Take Profit 2: 11105.00 Learn More Fundamental Trading Analysis of Facebook  The past few years have not been easy for Facebook. The global social media giant has been at the center of numerous disputes, including political intrigue, data privacy issues regarding users, criticism of the impact on society at large (thanks to Netflix documentary The Social Dilemma), and most recently a lawsuit from the Federal Trade Commission (FTC) that Facebook regularly undertakes unlawful anti-competitive activities. Our Analysis: While the price is below 283.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 287.45 Take Profit 1: 252.50 Take Profit 2: 246.10 Alternative scenario: If the level 283.80 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 283.80 Take Profit 1: 294.80 Take Profit 2: 301.40 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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