Daily Trading Analysis 07.01.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD Cleveland Fed President Loretta Mester said Tuesday that she expects the U.S. economy to be weak in the first few months of 2021, Reuters reported. "If vaccination is triggered, strong growth is expected in the second half of 2021. I don't expect to see any further progress toward the Fed's goals this year. We need a more accommodative policy than we have had in the past to raise inflation to the Fed's 2% target. Our Analysis: Provided that the currency pair is traded below 0.7820, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7785 Take Profit 1: 0.7760 Take Profit 2: 0.7730 Alternative scenario: In case of breakout of the level 0.7820, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7820 Take Profit 1: 0.7840 Take Profit 2: 0.7860 Learn More Trading Analysis of GOLD/USD Gold futures prices declined during Asian trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in February are trading at $1.918.95 per troy ounce, down 0.54% at the time of writing this commentary. Our Analysis: Provided that the price is above 1908.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1920.00 Take Profit 1: 1934.00 Take Profit 2: 1945.00   Alternative scenario: In case of breakdown of the level 1908.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1908.00 Take Profit 1: 1900.00 Take Profit 2: 1890.00 Learn More Fundamental Trading Analysis of Apple  Investors began 2021 by selling many high-tech stocks, including Apple. The company was able to successfully meet many of the operational challenges of the pandemic, achieving strong results and 81% returns for investors in 2020. This impressive performance also made Apple the first U.S. company to reach a market capitalization of $2 trillion. Our Analysis: While the price is above 125.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.89 Take Profit 1: 138.00 Take Profit 2: 147.50 Alternative scenario: If the level 125.00 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 120.00 Take Profit 2: 112.50 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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