Daily Trading Analysis 06.08.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD USD starts to strengthen on possible QE rollback. 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 The Bank of England is in no hurry to tighten monetary policy. 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 McDonald's There was perhaps no greater source of criticism against McDonald's for missing out on the opportunity to brag about chicken sandwiches than its own franchise owners, but after the fast-food giant's second-quarter earnings report, they should feel like masters of the situation. Our Analysis: As long as the price is above the 231.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 236.40 Take Profit 1: 241.56 Take Profit 2: 246.86 Alternative scenario: If the level of 231.40 is broken-down, follow the recommendations below:   Time frame: D1 Recommendation: short position Entry point: 231.40 Take Profit 1: 228.33 Take Profit 2: 225.59 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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