Daily Trading Analysis 18.08.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD The EUR/USD may continue to decline amid the continued gloomy market sentiment. Our Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1718 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 GBP/USD came under strong bearish pressure and retreated under 1.38 yesterday as part of a pullback from the 1.3875-80 resistance area. 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: 1.3570 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 Facebook  Although the Facebook stock is up nearly 33% for the year, some analysts are concerned about the company's prospects. The stock's rise declined after the company released its second-quarter results in late July, as investors were concerned about a slight decline in daily active users in the U.S. and Canada, as well as earnings projections. Our Analysis: As long as the price is below 360.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 356.00 Take Profit 1: 355.20 Take Profit 2: 353.80 Alternative scenario: If the level of 360.80 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 360.80 Take Profit 1: 363.20 Take Profit 2: 364.60 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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