Daily Trading Analysis 18.05.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF "The U.S. dollar's role as the world's reserve currency is not threatened by anything," Fed Deputy Chairman Richard Clarida said, according to Reuters: Balancing supply and demand in the labor market may take some time; The Central Bank's digital currency is in its advantages and disadvantages stage; Updating existing payment systems will provide the benefits of CB digital currency. Our Analysis: Provided that the currency pair is traded below 0.9035, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9018 Take Profit 1: 0.8995 Take Profit 2: 0.8980 Alternative scenario: In case of breakout of the level 0.9035, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9035  Take Profit 1: 0.9050 Take Profit 2: 0.9065 Learn More Trading Analysis of Dow Jones 30 Index The major Wall Street indices are declining on Monday after a sharp rebound at the end of last week. Signs of rising inflationary pressures in the economy caused investors to worry about the Federal Reserve Bank tightening monetary policy. The Dow Jones index fell 0.50% to 34,209.76 points. Our Analysis: Provided that the index is traded above 34160.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34200.00 Take Profit 1: 34570.00 Take Profit 2: 34745.00 Alternative scenario: In case of breakout of the level 34160.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 34160.00   Take Profit 1: 33840.00 Take Profit 2: 33555.00 Learn More Fundamental Trading Analysis of Walmart  If you cast even a fleeting glance at Walmart, you will see that the current company is more or less the same as Walmart of yore. The stores are still huge warehouses, offering just about anything you might need at any given time, and their prices are usually lower than the competition. It's the formula that made the brick-and-mortar retailer the giant it is today. Our Analysis: While the price is above 135.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 139.00 Take Profit 1: 144.70 Take Profit 2: 147.00 Alternative scenario: If the level 135.50 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 135.50  Take Profit 1: 131.80 Take Profit 2: 129.60 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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