Daily Trading Analysis 29.07.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD ECB, De Kos: we will consider a flexible bond buying program after the pandemic. Our Analysis: While the price is below 1.1980, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1850 Take Profit 1: 1.1700 Take Profit 2: 1.1600 Alternative scenario: If the level 1.1980 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1980 Take Profit 1: 1.2100 Take Profit 2: 1.2190 Learn More Trading Analysis of GBP/USD GBP/USD pushed back from 1.3845 and returned to 1.3880. Our Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3926 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 may seem like the last company technology investors would want to buy, as its semiconductor development endeavors lag behind those of its main competitor today, Taiwan Semiconductor Manufacturing. But new management, represented by engineer Pat Gelsinger as CEO, has set in motion a process that should help Intel catch up with its rivals. Our Analysis: While the price is below 55.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 53.18 Take Profit 1: 49.60 Take Profit 2: 48.30 Alternative scenario: If the level 55.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 55.00 Take Profit 1: 57.20 Take Profit 2: 58.60 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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