Daily Trading Analysis 21.12.2020

Trading Analysis of USD/CHF
Federal Reserve, Brainard: it's important to strengthen the financial system to deal with climate change:
The Fed has made progress in trying to take climate concerns into account when setting policy;
The Fed plans to work with other U.S. financial regulators on climate change in the coming years;
The Fed also plans to work with other foreign banks on climate change research.


Our Analysis:

Provided that the currency pair is traded above 0.8840, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 0.8865
  • Take Profit 1: 0.8885
  • Take Profit 2: 0.8895

Alternative scenario:

In case of breakdown of the level 0.8840, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 0.8840
  • Take Profit 1: 0.8820
  • Take Profit 2: 0.8800

Trading Analysis of Nasdaq 100 Index

The U.S. stock market closed Friday trading in a negative zone after updating record highs a day earlier. At the same time, the main indicators finished the week much better: the S&P 500 increased by 1.3%, Dow Jones - by 0.4%. The Nasdaq was up 3.1%.
Investors continue to watch the negotiations on new fiscal stimulus in the USA. Senate Republican leader Mitch McConnell said Friday that discussions "remain productive." "I'm even more optimistic now than I was last night that a bipartisan and bicameral framework for an important bailout package is very close," CNBC reports him as saying.


Our Analysis:

Provided that the index is traded above 12600.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: long position
  • Entry point: 12750.00
  • Take Profit 1: 12850.00
  • Take Profit 2: 13000.00

Alternative scenario:

In case of breakdown of the level 12600.00, follow the recommendations below:
  • Time frame: H4
  • Recommendation: short position
  • Entry point: 12540.00
  • Take Profit 1: 12500.00
  • Take Profit 2: 12300.00

Fundamental Trading
Analysis of Disney 
While today Walt Disney is at its peak, it is not in the best shape in terms of recent financial performance. Shares hit new all-time highs in December, but this is also the company that just recorded a quarterly loss of 23% year-over-year in its most recent financial report. To be fair, it should be noted that the top and bottom lines of the deficit were actually healthier than analysts predicted at both ends of the earnings report. No one expects Disney to perform at its best when business is hit hard by the pandemic, as theme parks are closed or operating at lower capacity, cruise ships are off the travel menu, and people are hesitant to take the family out for a morning meal at the multiplex next door. Disney is on a roll right now because investors are excited about the future, fueled by an amazing freshmen season at Disney+.


Our Analysis:

While the price is above 159.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 172.00
  • Take Profit 1: 195.00
  • Take Profit 2: 204.00

Alternative scenario:

If the level 159.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 159.00
  • Take Profit 1: 144.00
  • Take Profit 2: 134 .00

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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