Daily Trading Analysis 15.12.2020

Technical & Fundamental analysis

Trading Analysis of GBP/USD  As S&P Global Ratings has warned: Brexit without a trade deal could stall the recovery of the British economy, which would be an adverse effect on the country's sovereign credit rating; The economic and political consequences of Brexit without a deal would be very massive; The lack of an agreement will eventually affect Britain's ability to attract capital and labor, the state of its government budget, and its debt/GDP ratio; If the pace of recovery of the British economy fails to meet our forecasts, this could put pressure on its rating; The rating could also be at risk if foreign investors lose interest in the pound or British assets. Our Analysis: Provided that the currency pair is traded below 1.3370, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3336 Take Profit 1: 1.3300 Take Profit 2: 1.3265 Alternative scenario: In case of breakout of the level 1.3370, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3370 Take Profit 1: 1.3405 Take Profit 2: 1.3445 Learn More Trading Analysis of Nasdaq 100 Index The U.S. stock indices Dow Jones and S&P 500 declined in trading on Monday, losing the gains of the early session amid concerns about the introduction of additional restrictive measures in connection with the coronavirus pandemic. At the same time the rise in shares of major technology companies supported the Nasdaq Composite index. All three indices opened the trades on the rise due to the hopes for the soon widespread use of vaccines from COVID-19 and the adoption of new measures to support the U.S. economy. The Nasdaq Composite added 62.17 points (0.5%) to settle at 12440.04. Our Analysis: Provided that the index is traded below 12540.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12466.00 Take Profit 1: 12375.00 Take Profit 2: 12240.00 Alternative scenario: In case of breakout of the level 12540.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12540.00 Take Profit 1: 12650.00 Take Profit 2: 12770.00 Learn More Fundamental Trading Analysis of Walmart  Walmart has long been a success, which has led to the company rewarding its investors with dividend payments. But many companies pay dividends. As we've seen this year, many of them, including large and well-established companies, have suspended or reduced their payments. Our Analysis: Provided that the company is traded below 150.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 147.00 Take Profit 1: 141.00 Take Profit 2: 138.00 Alternative scenario: In case of breakout of the level 150.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 150.00 Take Profit 1: 155.00 Take Profit 2: 157.00 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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