Daily Trading Analysis 22.06.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD Lagarde: the recovery is gaining momentum, we need to provide support for it. Our Analysis: While the price is below 1.2020, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1872 Take Profit 1: 1.1775 Take Profit 2: 1.1700 Alternative scenario: If the level 1.2020 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2020 Take Profit 1: 1.2095 Take Profit 2: 1.2190 Learn More Trading Analysis of GBP/USD Expectations of a hawkish shift from the Bank of England caused the closing of short positions with the pound. Our Analysis: While the price is below 1.4075, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3809 Take Profit 1: 1.3670 Take Profit 2: 1.3500 Alternative scenario: If the level 1.4075 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4075 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Learn More Fundamental Trading Analysis of General Electric General Electric CEO Larry Culp recently gave several presentations to investors, and what he said helped investors think about investment opportunities over the long term. It's no secret that GE needs to improve its earnings and free cash flow (FCF), and the good news is that the company appears to be on its way to doing so. Indeed, Culp cited a figure of $7 billion as an initial target. The question is whether that figure makes GE stock attractive. Moreover, what about GE's growth prospects once the recovery process is nearing completion? Our Analysis: While the price is below 14.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 13.44 Take Profit 1: 11.90 Take Profit 2: 11.50 Alternative scenario: If the level 14.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 14.30 Take Profit 1: 15.00 Take Profit 2: 15.40 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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