Daily Trading Analysis 20.05.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD According to Reuters, St. Louis Fed President James Bullard said: The U.S. may be approaching the end point of the pandemic, so then the focus can shift further to the subsequent monetary policy of the 'post-pandemic' era; There is a 50% chance that the U.S. will enter the high productivity regime last seen in the mid-1990s; The issue of MBS buying during the housing boom is a good topic once the Fed rolls out a broader discussion of rolling back QE. Our Analysis: Provided that the currency pair is traded below 1.2200, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2177 Take Profit 1: 1.2160 Take Profit 2: 1.2145 Alternative scenario: In case of breakout of the level 1.2200, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2200 Take Profit 1: 1.2230 Take Profit 2: 1.2245 Learn More Trading Analysis of GOLD/USD Gold prices hit a three-and-a-half-month high due to falling U.S. Treasury yields and lingering inflation concerns. Our Analysis: Provided that the price is above 1861.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1876.00 Take Profit 1: 1890.00 Take Profit 2: 1900.00 Alternative scenario: In case of breakdown of the level 1861.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1861.00   Take Profit 1: 1851.00 Take Profit 2: 17843.00 Learn More Fundamental Trading Analysis of AT&T AT&T stock lost more than a quarter of its price in 2020 Weak growth in the wireless segment couldn't make up for the loss of pay-TV subscribers and WarnerMedia's pandemic-related issues, and the company continued to spend money on its streaming services to compete with Netflix, Disney, and other platforms. Our Analysis: Provided that company is traded below 31.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 29.55 Take Profit 1: 27.40 Take Profit 2: 26.70 Alternative scenario: In case of breakout of the level 31.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 31.00 Take Profit 1: 32.30 Take Profit 2: 33.10 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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