Daily Trading Analysis 19.04.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF  The Swiss central bank reacted to another semiannual report published by the US Treasury, in which the new US administration removed Switzerland from the list of countries, which are currency manipulators. The SNB statement noted, among other things: Foreign exchange interventions are not intended to affect a country's balance of payments or to gain an unfair competitive advantage; Foreign exchange interventions are necessary to ensure price stability and proper monetary conditions; The monetary policy of the Central Bank remains the same, the Central Bank is ready to intervene in the forex market because of the high overvaluation of the franc; We will continue the dialogue with the US Treasury, we are in regular contact. Our Analysis: Provided that the currency pair is traded above 0.9180, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9208 Take Profit 1: 0.9230 Take Profit 2: 0.9245 Alternative scenario: In case of breakdown of the level 0.9180, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9180  Take Profit 1: 0.9160 Take Profit 2: 0.9140 Learn More Trading Analysis of S&P 500 Index The S&P 500 and Dow indices hit record highs on Friday after the release of good quarterly results from the largest U.S. banks, and Wall Street ended the week on the upside amid optimism about the strong economic recovery. The S&P 500 index rose 0.12% to 4,175.66 points. Our Analysis: Provided that the index is traded above 4120.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4175.00 Take Profit 1: 4220.00 Take Profit 2: 4270.00 Alternative scenario: In case of breakdown of the level 4120.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4120.00  Take Profit 1: 4070.00 Take Profit 2: 3970.00 Learn More Fundamental Trading Analysis of Disney There is no doubt in anyone's mind that the past year has been exceptionally transformational for Walt Disney Company. There aren't many similarly diversified businesses that have been so badly affected by the pandemic these days. But it is safe to say that the company has weathered the crisis and is preparing for a full-blown recovery.  Our Analysis: While the price is below 195.90, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 187.00  Take Profit 1: 176.50 Take Profit 2: 171.70 Alternative scenario: If the level 195.90 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 195.90  Take Profit 1: 204.20 Take Profit 2: 209.20 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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