Friday, July 9, 2021

Daily Trading Analysis 09.07.2021

Trading Analysis of EUR/USD
EUR/USD will correct up after ECB inflation statement - TDS







Our Analysis:

While the price is below 1.1950, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1845
  • Take Profit 1: 1.1700
  • Take Profit 2: 1.1600

Alternative scenario:

If the level 1.1950 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1950
  • Take Profit 1: 1.2050
  • Take Profit 2: 1.2095

Trading Analysis of GBP/USD


GBP/USD trades below 1.3800 after UK GDP fell to 0.8% in May.








Our Analysis:

While the price is below 1.4000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3791
  • Take Profit 1: 1.3670
  • Take Profit 2: 1.3540

Alternative scenario:

If the level 1.4000 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4000
  • Take Profit 1: 1.4090
  • Take Profit 2: 1.4240

Fundamental Trading
Analysis of Apple 

India is the second-most populated country in the world, with almost 1.34 billion people, just behind China, which has a population of nearly 1.4 billion. Not surprisingly, global companies are struggling fiercely for a slice of India's impressive pie of personal consumption spending, which in March of this year was more than $460 billion, as per the database provider CEIC.

Our Analysis:

While the price is above 135.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 142.57
  • Take Profit 1: 145.00
  • Take Profit 2: 156.00

Alternative scenario:

If the level 135.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 135.00 
  • Take Profit 1: 128.00
  • Take Profit 2: 122.25

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.

No comments:

Post a Comment

Can You Really Turn $10k Into $137k?

...