Daily Trading Analysis 19.05.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD Bank of England, Bailey: we are not yet close to talking about using negative rates: It's useful to have a tool like negative rates on hand; QE works best when markets are relaxed. Our Analysis: Provided that the currency pair is traded below 1.4200, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.4183 Take Profit 1: 1.4175 Take Profit 2: 1.4160 Alternative scenario: In case of breakout of the level 1.4200, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.4200 Take Profit 1: 1.4220 Take Profit 2: 1.4240 Learn More Trading Analysis of Nasdaq 100 Index U.S. stock indices showed weak and mixed movements in trading on Tuesday. The Nasdaq Composite added 18.61 points (0.14%) to 13397.66 points. Our Analysis: Provided that the index is traded below 13200.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13144.00 Take Profit 1: 13095.00 Take Profit 2: 12965.00 Alternative scenario: In case of breakout of the level 13200.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13200.00   Take Profit 1: 13425.00 Take Profit 2: 13650.00 Learn More Fundamental Trading Analysis of Disney  The Walt Disney Company ended the second fiscal quarter with 103.6 million subscribers to its streaming service Disney+. Although that was more than double the number in the same quarter last year, analysts had expected Disney+ to have 109 million subscribers at the end of the quarter.  Our Analysis: Provided that the company is traded below 176.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 170.00 Take Profit 1: 162.80 Take Profit 2: 160.10 Alternative scenario: In case of breakout of the level 176.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 176.80  Take Profit 1: 181.60 Take Profit 2: 184.60 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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