Daily Trading Analysis 26.05.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY Bank of Japan (BOJ) Governor Haruhiko Kuroda said that each recession has different characteristics, and noted that the difference in the severity of the recession between sectors, types of businesses, and professions this time was significant, writes Reuters. Our Analysis: Provided that the currency pair is traded below 108.85, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point:108.79 Take Profit 1: 108.65 Take Profit 2: 108.55 Alternative scenario: In case of breakout of the level 108.85, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 108.85 Take Profit 1: 108.95 Take Profit 2: 109.05 Learn More Trading Analysis of GOLD/USD The gold price held near a high of more than four months on Tuesday thanks to a weaker dollar, but Federal Reserve assurances easing market fears about inflation kept gains in check. Our Analysis: Provided that the price is above 1889.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1906.00 Take Profit 1: 1915.00 Take Profit 2: 1930.00 Alternative scenario: In case of breakdown of the level 1889.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1889.00   Take Profit 1: 1879.00 Take Profit 2: 1873.00 Learn More Fundamental Trading Analysis of Tesla  Electric cars and autonomous driving are the very forces transforming the auto industry today. As a pioneer in these technologies, Tesla seems poised to threaten the decades-long dominance of the leading conventional automakers. Our Analysis: While the price is below 637.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 580.00 Take Profit 1: 520.00 Take Profit 2: 491.00 Alternative scenario: If the level 637.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 637.00 Take Profit 1: 689.00 Take Profit 2: 720.00 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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