Monday, June 28, 2021

Daily Trading Analysis 28.06.2021

Trading Analysis of EUR/USD
ECB head Lagarde: the underlying price pressure remains reduced.







Our Analysis:

While the price is below 1.2020, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1938
  • Take Profit 1: 1.1845
  • Take Profit 2: 1.1775

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

Trading Analysis of GBP/USD
GBP/USD is in a sideways trend at 1.3820-1.4020 - UOB Group.







Our Analysis:

While the price is below 1.4075, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3883
  • 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

Fundamental Trading
Analysis of Microsoft

Two years ago, Microsoft's market value exceeded $1 trillion for the first time. Several days ago, the company closed the trading day with a market value of more than $2 trillion.



Our Analysis:

While the price is above 255.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 265.00
  • Take Profit 1: 277.00
  • Take Profit 2: 285.00

Alternative scenario:

If the level 255.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 255.00
  • Take Profit 1: 247.00
  • Take Profit 2: 238.00

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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