Thursday, July 15, 2021

Daily Trading Analysis 15.07.2021

Trading Analysis of EUR/USD
ECB, Schnabel: Inflation rises due to ECB tolerance.








Our Analysis:

While the price is below 1.1950, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1832
  • 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


Bank of England, Bailey: let's not rush to raise rates despite rising inflation.







Our Analysis:

While the price is below 1.4040, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3841
  • Take Profit 1: 1.3670
  • Take Profit 2: 1.3540

Alternative scenario:

If the level 1.4040 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4040
  • Take Profit 1: 1.4240
  • Take Profit 2: 1.4380

Fundamental Trading
Analysis of Boeing 

After a significant period of halted orders for most of 2019 and 2020, Boeing has finally begun receiving new orders for the 737 MAX in 2021. Last month, the U.S. aerospace giant received its largest-ever order for a 737 MAX, as United Airlines ordered another 200 units of the notorious aircraft.

Our Analysis:

While the price is below 248.70, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 224.00
  • Take Profit 1: 218.70
  • Take Profit 2: 206.70

Alternative scenario:

If the level 248.70 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 248.70
  • Take Profit 1: 258.80
  • Take Profit 2: 264.80

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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