Tuesday, September 7, 2021

Daily Trading Analysis 07.09.2021

Trading Analysis of EUR/USD

EUR/USD: additional growth above 1.1900 is possible.







Our Analysis:

While the price is above 1.1735, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1868
  • Take Profit 1: 1.1980
  • Take Profit 2: 1.2060


Alternative scenario:

If the level 1.1735 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1735
  • Take Profit 1: 1.1660
  • Take Profit 2: 1.1580

Trading Analysis of NZD/USD

NZD/USD: a decline in the delta strain and rising yields will help the kiwi - ANZ.







Our Analysis:

While the price is above 0.6980, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7132
  • Take Profit 1: 0.7200
  • Take Profit 2: 0.7290

Alternative scenario:

If the level 0.6980 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6980
  • Take Profit 1: 0.6880
  • Take Profit 2: 0.6800

Fundamental Trading
Analysis of AT&T
Under previous CEO Randall Stephenson, AT&T took on huge debt to build an entertainment empire. But the high costs of rolling out a 5G network and the aggressive character of the U.S. telecommunications market have prompted current CEO John Stankey, who is only in his first year in the job, to back away from his predecessor's decisions.

Our Analysis:

As long as the price is above the 26.90 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 27.43
  • Take Profit 1: 28.70
  • Take Profit 2: 29.30

Alternative scenario:

If the level of 26.90 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 26.90
  • Take Profit 1: 26.40
  • Take Profit 2: 26.10

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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