Tuesday, July 6, 2021

Daily Trading Analysis 06.07.2021

Trading Analysis of EUR/USD
ECB, Knot: Inflation in Europe is not dead.








Our Analysis:

While the price is below 1.2020, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1859
  • 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

Trading Analysis of GBP/USD
GBP/USD is stuck in a range - UOB Group.








Our Analysis:

While the price is below 1.4075, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3830
  • 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 Walmart 
For decades, Amazon has invested heavily in its growth, evolving from a small book retailer into the global store it is today. Several large retailers that no longer exist today can partly blame Amazon for their failure. 

Our Analysis:

While the price is below 141.2, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 138.53
  • Take Profit 1: 133.40
  • Take Profit 2: 131.60

Alternative scenario:

If the level 141.2 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 141.2
  • Take Profit 1: 144.3 
  • Take Profit 2: 146.1

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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