Daily Trading Analysis 04.08.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD EUR/USD may soon test the lows of the year - HSBC. Our Analysis: While the price is below 1.1980, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1870 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: The Bank of England's caution will hurt the pound - HSBC. Our Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3901 Take Profit 1: 1.3735 Take Profit 2: 1.3570 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 Microsoft  Microsoft released its fourth-quarter results on July 27. The company's revenue rose 21% year over year to $46.2 billion, beating forecasts by $1.9 billion, and earnings rose 49% to $2.17 per share, beating expectations by $0.25. Commercial cloud revenue - which comes primarily from Microsoft 365 (formerly Office 365), LinkedIn, Dynamics CRM, and the Azure cloud infrastructure platform - rose 36% from a year ago to $19.5 billion. Our Analysis: While the price is above 281.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 285.00 Take Profit 1: 295.00 Take Profit 2: 302.00 Alternative scenario: If the level 281.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 281.00 Take Profit 1: 274.00 Take Profit 2: 266.00 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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