Friday, July 23, 2021

Daily Trading Analysis 23.07.2021

Trading Analysis of EUR/USD
ECB, Villeroy: keeping the accommodative policy at the moment is absolutely justified.






Our Analysis:

While the price is below 1.1950, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1799
  • 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, Broadbent: commodities prices are likely to lower inflation in two years.







Our Analysis:

While the price is below 1.3960, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3599
  • 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

Fundamental Trading
Analysis of Disney 

Disney has had an epic rise this century, acquiring Pixar, Marvel, and Lucasfilm and then launching the fastest-growing streaming service in history. But the growth story of these media stocks may be just beginning. 

Our Analysis:

While the price is below 183.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 176.75
  • Take Profit 1: 164.70
  • Take Profit 2: 160.80

Alternative scenario:

If the level 183.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 183.00
  • Take Profit 1: 189.90
  • Take Profit 2: 194.20

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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