Daily Trading Analysis 18.02.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD Germany's consumer prices could exceed the ECB's target by the end of this year thanks to tax hikes, ECB Governing Council member and Bundesbank President Jens Weidmann said Friday. "The reduced VAT, which expired at the end of last year, and the greenhouse gas tax, which went into effect on January 1. From today's perspective, the agreed consumer price index (EU) in Germany should rise above 3% before the end of the year. Our Analysis: Provided that the currency pair is traded below 1.2060, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2080 Take Profit 1: 1.2100 Take Profit 2: 1.2120 Alternative scenario: In case of breakout of the level 1.2060, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2060 Take Profit 1: 1.2020 Take Profit 2: 1.2000 Learn More Trading Analysis of GOLD/USD Gold prices slumped to a more than two-month low on Wednesday as rising U.S. government bond yields and a stronger dollar continued to weigh on the metal's appeal. Our Analysis: Provided that the price is below 1787.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1783.00 Take Profit 1: 1769.00 Take Profit 2: 1760.00  Alternative scenario: In case of breakout of the level 1787.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1787.00 Take Profit 1: 1793.00 Take Profit 2: 1801.00 Learn More Fundamental Trading Analysis of IBM  Few companies have such a long and glorious history as IBM, which has set the course of computer technology for decades. Now, as the company continues a long and extensive restructuring and with a new CEO at the helm, should we consider buying IBM stock now? Our Analysis: While the price is above 118.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 120.00 Take Profit 1: 125.00 Take Profit 2: 132.00 Alternative scenario: If the level 118.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 118.00 Take Profit 1: 115.00 Take Profit 2: 110.00 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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