Daily Trading Analysis 08.06.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD Following Thursday's meeting the ECB's key interest rate is likely to remain at 0%. Our Analysis: While the price is above 1.1980, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2177 Take Profit 1: 1.2350 Take Profit 2: 1.2450 Alternative scenario: If the level 1.1980 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1980 Take Profit 1: 1.1880 Take Profit 2: 1.1775 Learn More Trading Analysis of GBP/USD The Bank of England has not yet made a decision on the launch of the digital currency by the central bank. Our Analysis: While the price is above 1.3970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4159 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Alternative scenario: If the level 1.3970 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3970 Take Profit 1: 1.3800 Take Profit 2: 1.3670 Learn More Fundamental Trading Analysis of Intel  When Intel appointed a new CEO in February, some investors began to question whether it was worthwhile to buy the stock now. In decades past, the company led the PC semiconductor chip market, but some management mistakes amid declining PC sales have left Intel behind Taiwan Semiconductor Manufacturing and its client, Advanced Micro Devices Our Analysis: While the price is above 54.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 57.37 Take Profit 1: 60.80 Take Profit 2: 62.30 Alternative scenario: If the level 54.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 54.60 Take Profit 1: 52.10 Take Profit 2: 50.70 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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