Daily Trading Analysis 23.12.2020

Technical & Fundamental analysis

Trading Analysis of NZD/USD Over the past day in New Zealand, ten new cases of infection with coronavirus have been revealed, according to the press service of the Ministry of Health of New Zealand. It is noted that all infected were detected while undergoing mandatory quarantine, which all arrived in the country. No local cases of infection have been recorded. It was noted that the infected came from the Netherlands, Italy, the United States, India, Germany, and the United Kingdom Our Analysis: Provided that the currency pair is traded above 0.7032, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7052 Take Profit 1: 0.7080 Take Profit 2: 0.7092 Alternative scenario: In case of breakdown of the level 0.7032, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7032 Take Profit 1: 0.7012 Take Profit 2: 0.7001 Learn More Trading Analysis of S&P 500 Index The Senate passed a $1.4 trillion spending bill that would fund the government through September. President-elect Joe Biden has made it clear that he will push for a new stimulus package as soon as he is sworn in. Lawmakers from both parties acknowledged the shortcomings of the deal, which leaves unanswered questions about local government funding and the potential liability of companies to their employees who contract the coronavirus. Our Analysis: Provided that the index is traded below 3707.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3694.00 Take Profit 1: 3676.00 Take Profit 2: 3665.00 Alternative scenario: In case of breakout of the level 3707.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3707.00 Take Profit 1: 3726.00 Take Profit 2: 3745.00 Learn More Fundamental Trading Analysis of Citigroup  It`s well-known that Citigroup`s altering CEOs and its banking procedures are under close supervision. If Democrats take over the Senate, there could be new rules and higher taxes. Nevertheless, the bank has said that it plans to start buying back shares next year, after receiving approval from the Federal Reserve. Is there a reason to buy C shares now? Our Analysis: While the price is above 56.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 61.00 Take Profit 1: 67.20 Take Profit 2: 69.90 Alternative scenario: If the level 56.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 56.40 Take Profit 1: 52.00 Take Profit 2: 49.40 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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