Friday, May 14, 2021

Daily Trading Analysis 14.05.2021

Trading Analysis of AUD/USD
Barkin: strong demand will continue in 2021 and 2022:
People have enough money to be selective about jobs;
Strong demand will continue in 2021 and 2022, supported by business spending;
Whether people will continue to work remotely after restrictions are lifted depends on competition and markets.


Our Analysis:

Provided that the currency pair is traded below 0.7745, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 0.7722
  • Take Profit 1: 0.7705
  • Take Profit 2: 0.7685

Alternative scenario:

In case of breakout of the level 0.7745, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 0.7745
  • Take Profit 1: 0.7770
  • Take Profit 2: 0.7800

Trading Analysis of GOLD/USD
Gold futures prices rose in U.S. trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,826.95 per troy ounce.




Our Analysis:

Provided that the price is above 1816.00, follow these recommendations:
  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1823.00
  • Take Profit 1: 1829.00
  • Take Profit 2: 1835.00

Alternative scenario:

In case of breakdown of the level 1816.00, follow the recommendations below:
  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1816.00  
  • Take Profit 1: 1808.00
  • Take Profit 2: 1799.00

Fundamental Trading
Analysis of Pfizer 
Pfizer is one of the world's best-known pharmaceutical companies, but it does not imply that all market participants have a clear idea of what makes it a strong competitor. Indeed, in particular, as a result of the hype surrounding the incredibly rapid development of a coronavirus vaccine, many investors have unrealistic expectations for the company's stock.

Our Analysis:

Provided that the price is above 38.90, follow these recommendations:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 39.86
  • Take Profit 1: 41.60
  • Take Profit 2: 42.30 

Alternative scenario:

In case of breakdown of the level 38.90, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 38.90
  • Take Profit 1: 37.80
  • Take Profit 2: 37.10

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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