Daily Trading Analysis 21.01.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD YBritain: annual CPI increased 0.6% in December: British CPI rose 0.6% y/y in December vs. +0.5% forecast; Monthly CPI rose +0.3% in December vs +0.2% forecast; GBP/USD trades near daily highs of 1.3669 after data release; According to the Office for National Statistics, Britain's CPI rose 0.6%/year in December vs. +0.3% in November and a forecast of +0.5%; Monthly growth was +0.3% vs. +0.2% forecast and -0.1% previously; Growth in the core index was +1.4% y/y vs +1.1% in November and +1.3% forecast. Our Analysis: Provided that the currency pair is traded above 1.3650, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3652 Take Profit 1: 1.3720 Take Profit 2: 1.3745 Alternative scenario: In case of breakdown of the level 1.3650, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3650 Take Profit 1: 1.3620 Take Profit 2: 1.3600 Learn More Trading Analysis of S&P 500 Index U.S. stock indices closed Wednesday's trading at record highs after the inauguration of U.S. President-elect Joe Biden, who became the 46th president of the country. The Standard & Poor's 500 rose 52.94 points (1.39 percent) to 3,851.85 points. Our Analysis: Provided that the index is traded above 3816.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3855.00 Take Profit 1: 3894.00 Take Profit 2: 3919.00 Alternative scenario: In case of breakdown of the level 3816.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3816.00 Take Profit 1: 3780.00 Take Profit 2: 3749.00 Learn More Fundamental Trading Analysis of Facebook  The stock was down 7 percent at the end of last week on a modest gain for the S&P 500, and the business faces many new difficulties. WhatsApp users are reportedly leaving the app in search of alternatives such as Signal and Telegram after Facebook published a new data-sharing policy, and the tech giant is at war with fellow FAANG, Apple, over changes to iOS 14 that require Facebook to obtain authorization from users to enable some data-tracking tools. However, if you're considering shorting Facebook right now, this assumption may be short-sighted. Below are the most common but mistaken judgments to sell the stock. Our Analysis: Provided that the price is below 271.90, follow these recommendations: Time frame: D1 Recommendation: short position Entry point: 261.10 Take Profit 1: 238.60 Take Profit 2: 231.20 Alternative scenario: In case of breakout of the level 271.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 271.90 Take Profit 1: 284.50 Take Profit 2: 291.80 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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