Daily Trading Analysis 24.06.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD Goldman Sachs lowered its three-month forecast for EUR/USD to 1.20. Our Analysis: While the price is below 1.2020, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1895 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 Analysts expect the Bank of England to remain cautiously optimistic about the recovery and keep its key rate at 0.1%. Our Analysis: While the price is below 1.4075, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3939 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 Johnson & Johnson For a variety of reasons, investors pay attention to stocks with growing dividends. However, finding a stock with a great track record is crucial, but not enough - you also need some kind of proof that payouts will keep growing. Our Analysis: While the price is below 166.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 163.11 Take Profit 1: 158.40 Take Profit 2: 156.50 Alternative scenario: If the level 166.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.30 Take Profit 1: 169.70 Take Profit 2: 171.90 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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