Daily Trading Analysis 23.02.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD Reuters reports comments from the head of the Federal Reserve Bank of Dallas, Kaplan: The risks to my U.S. GDP forecast of 5% for 2021 are upside; Even without the problems of the energy system, Texas would have a gas and oil supply and water supply crisis; The gas and oil problem will be solved in the coming days; The water supply problem in Texas could drag on for weeks; Attitudes need to change to return to pre-crisis oil production levels of 13 million barrels. Our Analysis: Provided that the currency pair is traded below 0.7341, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7315 Take Profit 1: 0.7280 Take Profit 2: 0.7264 Alternative scenario: In case of breakout of the level 0.7341, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7341 Take Profit 1: 0.7368 Take Profit 2: 0.7384 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock market closed Monday's trading multidirectional due to strengthening of oil and gas, finance and commodities sectors. The market is demonstrating a negative dynamic on the side of technology, utilities and consumer goods sectors. NASDAQ Composite was down 2.03%. Our Analysis: Provided that the index is traded below 13385.00 follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13233.00 Take Profit 1: 13170.00 Take Profit 2: 13035.00 Alternative scenario: In case of breakout of the level 113385.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13385.00 Take Profit 1: 13445.00 Take Profit 2: 13545.00 Learn More Fundamental Trading Analysis of Walmart Five years ago, Walmart took a big step forward towards e-commerce. Walmart's U.S. sales surged 79 percent in the fiscal year 2021 -- just ending after growing 37 percent in the fiscal year 2020 -- and generated more than $50 billion in revenue last year, not counting Sam's Club. Walmart is now the nation's largest e-commerce seller after Amazon and is growing faster than its main competitor. Our Analysis: Provided that the company is traded below 145.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 137.00 Take Profit 1: 130.00 Take Profit 2: 127.00 Alternative scenario: In case of breakout of the level 145.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 145.00 Take Profit 1: 151.00 Take Profit 2: 154.00 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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