Daily Trading Analysis 14.01.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Reuters reports statements by Canadian Prime Minister Justin Trudeau who announced yesterday that he has closed a deal with Pfizer/BioNTech to buy 20 million doses of the COVID-19 vaccine. He also added that the border closure with the U.S. has been extended until February 21. Our Analysis: Provided that the currency pair is traded below 1.2720, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2695 Take Profit 1: 1.2655 Take Profit 2: 1.2630 Alternative scenario: In case of breakout of the level 1.2720, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2720 Take Profit 1: 1.2745 Take Profit 2: 1.2775 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock indices did not show the same dynamic at the close of trading on Wednesday: the S&P 500 and Nasdaq increased, while the Dow Jones had a slight decline. Investors were following the political situation in the USA, where the House of Representatives was considering a resolution to impeach President Donald Trump over his role in the Capitol riots last week. Our Analysis: Provided that the index is traded below 13020.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12881.00 Take Profit 1: 12780.00 Take Profit 2: 12600.00 Alternative scenario: In case of breakout of the level 13020.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13020.00 Take Profit 1: 13110.00 Take Profit 2: 13280.00 Learn More Fundamental Trading Analysis of General Electric General Electric's bold moves are winning over Wall Street traders as the industrial giant tries to shore up its core business, cut debt and reduce risk, and that Boeing 737 Max gets back on track.  General Electric's showed a bullish rally in 2019 after several years of solid earnings. After a strong start in 2020, the stock fell to its lowest level. The pandemic hit GE's flagship aircraft and power plants. But health care is holding up fairly well, and renewables are on the rise. With many cyclical, General Electric shares are rising as the Senate renews hopes for more stimulus and infrastructure spending. Our Analysis: While the price is above 10.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 11.50 Take Profit 1: 12.70 Take Profit 2: 13.10 Alternative scenario: If the level 10.90 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 10.90 Take Profit 1: 10.30 Take Profit 2: 9.90 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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