Daily Trading Analysis 25.01.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD The Reserve Bank of New Zealand (RBNZ) may not need to cut interest rates after New Zealand's consumer price index unexpectedly rose in the fourth quarter, Bloomberg reported, citing Jarrod Kerr, chief economist at Kiwibank in Auckland. Our Analysis: Provided that the currency pair is traded above 0.7185, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7210 Take Profit 1: 0.7245 Take Profit 2: 0.7262 Alternative scenario: In case of breakdown of the level 0.7185, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7185 Take Profit 1: 0.7156 Take Profit 2: 0.7139 Learn More Trading Analysis of GOLD/USD Gold prices dropped sharply on Friday amid the strengthening dollar, but the past week was the best of the last five for the precious metal due to expectations of massive fiscal stimulus in the U.S. Gold spot fell 1.27% to $1,846.2 a troy ounce. Nevertheless, gold has gained more than 1% since the beginning of the week. The problem for gold is that it seems to be getting good support at about $1,800, but there is a sense that the dollar has retreated from the lows. Our Analysis: Provided that the price is above 1845.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1852.00 Take Profit 1: 1865.00 Take Profit 2: 1875.00  Alternative scenario: In case of breakdown of the level 1845.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1845.00 Take Profit 1: 1837.00 Take Profit 2: 1832.00 Learn More Fundamental Trading Analysis of Alibaba  The past year has been a volatile one for Alibaba, China's largest e-commerce and cloud platform company. The stock price fell along with the broader market as the COVID-19 pandemic hit China in early 2020, but rebounded as the company's online sales rose and quarantine measures boosted the use of its cloud services. However, a series of regulatory problems suddenly ended Alibaba's year-end rally. Chinese regulators suspended the long-awaited IPO of Fintech Group subsidiary Ant Group, fined Alibaba for its unauthorized takeover of InTime Retail, and then launched an antitrust investigation into e-commerce. Our Analysis: While the price is above 245.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 259.00 Take Profit 1: 265.00 Take Profit 2: 280.00 Alternative scenario: If the level 245.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 245.00 Take Profit 1: 225.00 Take Profit 2: 215.00 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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