Daily Trading Analysis 19.01.2021

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 below 0.8921, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.8909 Take Profit 1: 0.8884 Take Profit 2: 0.8877 Alternative scenario: In case of breakout of the level 0.8921, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.8921 Take Profit 1: 0.8933 Take Profit 2: 0.8940 Learn More Trading Analysis of Nasdaq 100 Index U.S. indices are showing no unified momentum as concerns about potential tax hikes could limit the market's potential for further growth, analysts said. Meanwhile, Jerome Powell said it was too early to talk about any changes to monetary policy, including reducing the asset buyback program. He noted that the U.S. labor market is far from a full recovery, reports The Wall Street Journal. Our Analysis: Provided that the index is traded above 12750.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12819.00 Take Profit 1: 12950.00 Take Profit 2: 13045.00 Alternative scenario: In case of breakdown of the level 12750.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12750.00 Take Profit 1: 12650.00 Take Profit 2: 12530.00 Learn More Fundamental Trading Analysis of Procter & Gamble Stock investors looking for incredible growth stocks likely won't find it in Procter & Gamble. Even at the best of times, consumers drive growth at a single-digit pace. Investors won't be thrilled, either. P&G stock is now consistently valued at more than 20 times its projected earnings. It's not even the best choice for dividends among its peers; Unilever boasts big dividend payouts. Our Analysis: While the price is below 140.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 134.00 Take Profit 1: 134.10 Take Profit 2: 132.70 Alternative scenario: If the level 140.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.00 Take Profit 1: 142.50 Take Profit 2: 144.00 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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