Daily Trading Analysis 31.08.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD UOB Group analysts note that EUR/USD could rise to 1.1835 in the coming weeks. Our Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1798 Take Profit 1: 1.1700 Take Profit 2: 1.1660 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 NZD/USD The NZD/USD is consolidating near 0.7000 on Monday holding on to gains made on Friday. Our Analysis: While the price is below 0.7035, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7000 Take Profit 1: 0.6900 Take Profit 2: 0.6800 Alternative scenario: If the level 0.7035 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7035 Take Profit 1: 0.7140 Take Profit 2: 0.7240 Learn More Fundamental Trading Analysis of Pfizer Pfizer is no stranger to victories in the fight against the coronavirus. The pharmaceutical behemoth marked its first significant victory last December when the U.S. Food and Drug Administration (FDA) issued an emergency use authorization (EUA) for its vaccine. This made Pfizer the first company to bring the COVID-19 vaccine to market. Our Analysis: As long as the price is above 45.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 47.38 Take Profit 1: 51.20 Take Profit 2: 52.70 Alternative scenario: If the level of 45.30 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 45.30 Take Profit 1: 42.90 Take Profit 2: 41.30 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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