Daily Trading Analysis 27.05.2021

Technical & Fundamental analysis

Trading Analysis of USD/CHF Last weekend the head of the Swiss Central Bank said in an interview for the national publication Neue Zuercher Zeitung: The large size of the balance sheet is not a problem in itself; It could even be increased further if necessary; The Swiss franc remains highly overvalued; Inflation is only slightly above zero; Production capacity in Switzerland is not fully utilized; It would be "completely premature" to make adjustments to the current easing policy of the central bank (start to reduce the size of the balance sheet and tighten monetary policy); It would be wrong to send the message to the world that the SNB would be the first central bank in the world to think about policy tightening. Our Analysis: Provided that the currency pair is traded above 0.8955, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.8974 Take Profit 1: 0.8985 Take Profit 2: 0.9000 Alternative scenario: In case of breakdown of the level 0.8955, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.8955  Take Profit 1: 0.8940 Take Profit 2: 0.8925 Learn More Trading Analysis of S&P 500 Index Wall Street's major stock indices rose in early Wednesday trading as comments from Federal Reserve officials eased concerns about accelerating inflation and a decline in government bond yields supported big tech stocks. The S&P 500 Index rose 0.25% to 4,198.7 points. Our Analysis: Provided that the index is traded above 4170.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4190.00 Take Profit 1: 4236.00 Take Profit 2: 4275.00 Alternative scenario: In case of breakdown of the level 4170.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4170.00   Take Profit 1: 4122.00 Take Profit 2: 4085.00 Learn More Fundamental Trading Analysis of Johnson & Johnson Despite the economic shocks of last year, the S&P 500 Index had a magnificent 43% year-over-year gain. But that growth was far from even for all stocks, and indeed, many were left behind. One such relative loser was the pharmaceutical company Johnson & Johnson: its stock has lagged behind the index by more than 20 percentage points in the past 12 months.  Our Analysis: While the price is above 166.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 170.00 Take Profit 1: 175.30 Take Profit 2: 177.50 Alternative scenario: If the level 166.90 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 166.90  Take Profit 1: 163.30 Take Profit 2: 161.30 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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