Daily Trading Analysis 10.05.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD Deputy Governor of the Bank of England Broadbent: the central bank's easing bias has weakened: We need clear signs of a sustained recovery in inflation towards the target level before we start to tighten policy; The downside risks have become less pronounced. Our Analysis: Provided that the currency pair is traded above 1.3990, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.4019 Take Profit 1: 1.4045 Take Profit 2: 1.4070 Alternative scenario: In case of breakdown of the level 1.3990, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3990 Take Profit 1: 1.3970 Take Profit 2: 1.3950 Learn More Trading Analysis of GOLD/USD On Friday, gold prices rose to the highest level since February after the publication of the U.S. labor market data, which did not meet expectations. At the same time, the weekly increase in prices of the precious metal may be the highest since November - about 4%. Our Analysis: Provided that the price is above 1822.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1832.00 Take Profit 1: 1843.00 Take Profit 2: 1855.00 Alternative scenario: In case of breakdown of the level 1822.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1822.00   Take Profit 1: 1817.00 Take Profit 2: 1799.00 Learn More Fundamental Trading Analysis of Microsoft Software giant Microsoft is essentially a true landlord of technology: Much of the global technology sector is reliant on its systems, both for work and home. Considering that Microsoft is one of the longtime blue-chip companies, it also has quite a few good prospects for growth. Our Analysis: While the price is above 245.25, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 252.59 Take Profit 1: 263.25 Take Profit 2: 280.00 Alternative scenario: If the level 245.25 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 245.25  Take Profit 1: 224.00 Take Profit 2: 212.00 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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