Friday, January 15, 2021

Daily Trading Analysis 15.01.2021

Trading Analysis of USD/JPY
Comments from the president of the Federal Reserve Bank of Boston on the outlook for 2021:
The Fed will continue to buy long-term assets until the economy recovers;
We are likely to see significant consumption growth in the second half of the year;
Strongly accommodative fiscal and monetary policies will create serious demand for risky assets in 2021;
Much needs to be done to make the financial infrastructure more resilient and to avoid future shocks like the one in March.


Our Analysis:

Provided that the currency pair is traded below 103.90, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 103,77
  • Take Profit 1: 103.65
  • Take Profit 2: 103.50

Alternative scenario:

In case of breakout of the level 103.90, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 103.90
  • Take Profit 1: 104.00
  • Take Profit 2: 104.15

Trading Analysis of S&P 500 Index


U.S. stock indices closed Thursday's trading with small losses, reversing down closer to the end of the session. The Standard & Poor's 500 fell 14.3 points (0.38%) to 3,795.54 points. Investors were focused on the prospects of more stimulus by U.S. President-elect Joe Biden's administration. Later on Thursday, Biden was to announce the details of the fiscal stimulus package, which could reach $2 trillion.


Our Analysis:

Provided that the index is traded below 3826.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: short position
  • Entry point: 3795.00
  • Take Profit 1: 3737.00
  • Take Profit 2: 3663.00

Alternative scenario:

In case of breakout of the level 3826.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: long position
  • Entry point: 3826.00
  • Take Profit 1: 3866.00
  • Take Profit 2: 3900.00

Fundamental Trading
Analysis of Walmart 

Today's Walmart may not seem too wildly different from Walmart of five years ago. Sure, the company now has a much larger online presence, second only to Amazon.com in terms of e-commerce sales within the United States. The addition of a curbside pickup service is a nice advantage, but Walmart is still largely a "brick-and-mortar" business.
At first glance, it doesn't look like the retailer is going to change dramatically in five years, starting in 2026.
But take a closer look at the company. Five years from now, Walmart will not be a simple retailer. It is slowly but surely becoming a model for online sales.


Our Analysis:

While the price is above 144.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 147.20
  • Take Profit 1: 151.10
  • Take Profit 2: 152.70

Alternative scenario:

If the level 144.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 144.00
  • Take Profit 1: 141.30
  • Take Profit 2: 139.90

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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