Daily Trading Analysis 16.06.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD ECB, Rehn: we haven't discussed moving away from PEPP. 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 Learn More Trading Analysis of GBP/USD Head of the Bank of England Bailey: The size of the Bank of England's balance sheet will be a major concern over the next 5 years. 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 Learn More Fundamental Trading Analysis of Verizon Verizon is frequently viewed to be a classic defensive asset. It owns the largest wireless network in the US, pays a high dividend yield of 4.4%, and its stock trades at a ratio of 11 to forward earnings. The company has also raised its dividend every year for 14 consecutive years. Our Analysis: While the price is above 56.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 56.91 Take Profit 1: 59.80 Take Profit 2: 60.50 Alternative scenario: If the level 56.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 56.00 Take Profit 1: 54.90 Take Profit 2: 54.30 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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