Daily Trading Analysis 23.04.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD Reuters released Fed Chairman Powell's response to Senator Rick Scott, who expressed concern about rising inflation and the Fed's buying program: Too low inflation hurts both households and companies; We don't plan to allow inflation to go substantially above 2% or inflation above that level for an extended time; Inflation will rise slightly higher this year, reflecting in part temporary factors amid an economic recovery; We don't expect inflation to rise too much, but we do have the tools to deal with 1970s-style inflation; The pace of Fed bond purchases is not related to deficits; Growth in the U.S. economy appears to be accelerating; Unemployment rates are not fully in the labor market, which has not yet returned to pre-pandemic levels; Rising COVID-19 incidence is worrisome; Vaccination allows hope for a return to normalcy this year. Our Analysis: Provided that the currency pair is traded above 0.7148, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7176 Take Profit 1: 0.7211 Take Profit 2: 0.7229 Alternative scenario: In case of breakdown of the level 0.7148, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7148  Take Profit 1: 0.7118 Take Profit 2: 0.7100 Learn More Trading Analysis of S&P 500 Index The U.S. stock market closed Thursday's trading with a decline amid negative dynamics from the commodities, oil and gas and technology sectors. The Dow Jones was down 0.94% at the close of trading on the New York Stock Exchange.  Our Analysis: Provided that the index is traded below 4155.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4135.00 Take Profit 1: 4118.00 Take Profit 2: 4097.00 Alternative scenario: In case of breakout of the level 4155.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4155.00  Take Profit 1: 4180.00 Take Profit 2: 4191.00 Learn More Fundamental Trading Analysis of Coca-Cola Coca-Cola, just like most others, has suffered a pandemic in its category, which in a normal year brings in half of its total sales, has fallen sharply.  But after four quarters of falling sales, revenues turned positive in the first quarter of 2021 (ended April 2). Lockdowns are mostly behind us, and people are slowly leaving their homes again. The pandemic has exposed some gaps in the company's model, and it has restructured accordingly. So, will Coca-Cola be able to maintain its successes and continue where it started? Our Analysis: While the price is above 53.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 54.00 Take Profit 1: 56.20 Take Profit 2: 56.80 Alternative scenario: In case of breakdown of the level 53.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 53.40  Take Profit 1: 52.40 Take Profit 2: 51.70 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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