Monday, June 14, 2021

Daily Trading Analysis 14.06.2021

Trading Analysis of EUR/USD

ECB head K. Lagarde said in an interview with Politico that it is too early to discuss the end of the bond-buying program within the framework of the PEPP anti-crisis program.


Our Analysis:

While the price is above 1.1980, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2098
  • Take Profit 1: 1.2265
  • Take Profit 2: 1.2350

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

Trading Analysis of GBP/USD

Goldman Sachs analysts believe the Fed will not yet signal an imminent unwinding at this week's monetary policy meeting (June 15).




Our Analysis:

While the price is above 1.3970, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4116
  • 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

Fundamental Trading
Analysis of Disney 

With its ubiquitous presence in movies and all forms of entertainment, Disney is not some Wall Street secret. At the same time, its industry-leading products and services don't mean you should immediately run out and purchase Disney stock.

Our Analysis:

While the price is above 173.10, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 177.38
  • Take Profit 1: 187.20
  • Take Profit 2: 190.10

Alternative scenario:

If the level 173.10 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 173.10
  • Take Profit 1: 168.10
  • Take Profit 2: 165.30

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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