Daily Trading Analysis 24.07.2020

Technical & Fundamental analysis

Trading Analysis of USD/JPY In Japan over the past 24 hours, 980 cases of coronavirus infection of a new type were identified, reports the agency Kyodo. It is reported that on the territory of the country for the second consecutive day recorded a record increase in the number of infected since the beginning of the pandemic. A total of 28,900 cases of SARS-CoV-2 infection were confirmed in Japan, including passengers of the Diamond Princess cruise liner quarantined at Yokohama port. Our Analysis: Provided that the currency pair is traded below 106.70, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 106.43 Take Profit 1: 106.20 Take Profit 2: 106.00 Alternative scenario: In case of breakout of the level 106.70, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 106.70 Take Profit 1: 106.85 Take Profit 2: 107.00 Learn More Trading Analysis of Facebook Facebook was left without its biggest advertiser because of racism. Walt Disney has joined the boycott of Facebook, significantly reducing the cost of advertising on the social networks Facebook and Instagram, writes the Wall Street Journal. The boycott of the social network was also joined by Adidas, Reebok, Puma, North Face, Ford, Levi Strauss, HP, Microsoft, Coca-Cola, Diageo, Honda, Starbucks, Verizon, Unilever and many others. Our Analysis: Provided that the asset is traded below 235.60, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 232.38 Take Profit 1: 229.20 Take Profit 2: 227.80 Alternative scenario: In case of breakout of the level 235.60, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 235.60 Take Profit 1: 238.00 Take Profit 2: 239.40 Learn More Fundamental Trading Analysis of AUD/NZD The New Zealand Trade Balance for June was reported at NZ$426M monthly and at -NZ$1,200M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for May, reported at NZ$1,286M monthly and at -NZ$1,290M 12-month year-to-date. Exports for June were reported at NZ$5.07B and Imports at NZ$4.64B. Forex traders can compare this to Exports for May, reported at NZ$5.40B and to Imports, reported at NZ$4.11B. Our Analysis: Should price action for the AUD/NZD remain inside the or breakdown below the 1.0660 to 1.0710 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0685 Take Profit Zone: 1.0565 – 1.0590 Stop Loss Level: 1.0725 Alternative scenario: Should price action for the AUD/NZD breakout above 1.0710 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.0725 Take Profit Zone: 1.0770 – 1.0800 Stop Loss Level: 1.0710 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.

Laino Group Limited | Cedar Hill Crest, Villa, Kingstown, St. Vincent & Grenadines Unsubscribe phanphuongthanh89.822152@blogger.com About our service provider Sent by info@paxforex.com