Daily Trading Analysis 16.08.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD The pair remains bullish, taking advantage of the general weakening of the dollar after the release of disappointingly weak U.S. consumer sentiment data for August by the University of Michigan. Our Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1794 Take Profit 1: 1.1700 Take Profit 2: 1.1580 Alternative scenario: If the level 1.1900 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1900 Take Profit 1: 1.1980 Take Profit 2: 1.2100 Learn More Trading Analysis of GBP/USD In Europe, GBP/USD consolidated around, but then started gaining momentum to surpass 1.3850 in American session. Our Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3868 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 Tesla Not so long ago, the number of opportunities to invest in electric cars was limited: it was either Tesla or nothing. If investors were unwilling to join Musk's team, they were just out of luck. Our Analysis: As long as the price is above 686.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 717.00 Take Profit 1: 774.00 Take Profit 2: 796.00 Alternative scenario: If the 686.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 686.00 Take Profit 1: 649.00 Take Profit 2: 628.00 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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