Daily Trading Analysis 21.07.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD The EUR/USD remains under pressure. Our Analysis: While the price is below 1.1950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1812 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 Learn More Trading Analysis of GBP/USD GBP/USD extended its decline amid looming concerns about the Delta variant. Our Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3615 Take Profit 1: 1.3540 Take Profit 2: 1.3430 Alternative scenario: If the level 1.3960 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3960 Take Profit 1: 1.4090 Take Profit 2: 1.4240 Learn More Fundamental Trading Analysis of Intel  Intel has disappointed investors over the past year as stiff competition from companies like Advanced Micro Devices has hampered the chip giant. The company's stock has fallen far behind the broader PHLX Semiconductor Sector Index, which has risen impressively amid a global surge in chip demand. Our Analysis: While the price is below 58.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 54.97 Take Profit 1: 52.90 Take Profit 2: 51.90 Alternative scenario: If the level 58.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 58.30 Take Profit 1: 60.10 Take Profit 2: 61.10 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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