Daily Trading Analysis 28.01.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF Commenting on the Fed verdict, Lloyds analysts write: The monetary policy statement contained no surprises; The Fed continues to reiterate its willingness to offer additional support to the economy if needed, but is showing increasing confidence that such additional measures may not be necessary; Nevertheless, any policy tightening is a long way off; markets do not expect a rate hike before 2024; The start of mass vaccination has increased the Fed's confidence that economic conditions will improve significantly later this year; Another reason for the Fed to be optimistic is likely to hope for a new fiscal stimulus program from the Biden administration. Our Analysis: Provided that the currency pair is traded above 0.8880, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.8996 Take Profit 1: 0.8905 Take Profit 2: 0.8920 Alternative scenario: In case of breakdown of the level 0.8880, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.8880 Take Profit 1: 0.8870 Take Profit 2: 0.8855 Learn More Trading Analysis of GOLD/USD Gold futures prices declined during Asian trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in February are trading at $1,835.40 per troy ounce, down 0.51% at the time of writing. Our Analysis: Provided that the price is below 1849.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1835.00 Take Profit 1: 1831.00 Take Profit 2: 1822.00  Alternative scenario: In case of breakout of the level 1849.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1849.00 Take Profit 1: 1860.00 Take Profit 2: 1868.00 Learn More Fundamental Trading Analysis of IBM  In recent years, International Business Machines, more commonly known as IBM, has focused on its growing business processes, such as cloud computing and artificial intelligence (AI). Nevertheless, this adjustment in priorities has yet to drive strong quarterly results. During the tech giant's fourth-quarter earnings conference call last week, management reiterated its optimism about revenue and free cash flow growth over the next two years. Stock trading results on the day of the earnings report showed that the market reacted very skeptically. Our Analysis: Provided that the price is below 123.00, follow these recommendations: Time frame: D1 Recommendation: short position Entry point: 121.00 Take Profit 1: 117.00 Take Profit 2: 114.00  Alternative scenario: In case of breakout of the level 123.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 123.00 Take Profit 1: 128.00 Take Profit 2: 131.00 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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