Daily Trading Analysis 20.08.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD ECB, Lane: core inflation is not reflected by any indicator. Our Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1687 Take Profit 1: 1.1580 Take Profit 2: 1.1500 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 The pound is declining to 1.3652 and it is aiming at 1.3600. Our Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3747 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 Home Depot After halting stock buybacks at the start of the pandemic, Home Depot recently resumed them. In the first two quarters of the fiscal year 2021, $6.9 billion was spent on share buyback.  Our Analysis: As long as the price is below 332.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 320.00 Take Profit 1: 304.00 Take Profit 2: 297.00 Alternative scenario: If the level of 332.00 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 332.00 Take Profit 1: 343.00 Take Profit 2: 350.00 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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