Tuesday, July 27, 2021

Daily Trading Analysis 27.07.2021

Trading Analysis of EUR/USD
EUR/USD: downward pressure has weakened, consolidation is ahead - UOB Group.






Our Analysis:

While the price is below 1.1950, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1770
  • 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 is rising to weekly highs near 1.3835.







Our Analysis:

While the price is below 1.3960, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3750
  • 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 Pfizer 
When we think of Pfizer's coronavirus vaccine, we think of stunning results. The company stunned the global medical community when it reported an overall efficacy of more than 90% in a six-month follow-up of the Phase 3 clinical trial.

Our Analysis:

While the price is above 39.30, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 41.05
  • Take Profit 1: 43.10
  • Take Profit 2: 43.80

Alternative scenario:

If the level 39.30 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 39.30
  • Take Profit 1: 38.20
  • Take Profit 2: 37.50

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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