Daily Trading Analysis 25.08.2020

Technical & Fundamental analysis

Trading Analysis of GBP/USD GBP/USD can't take advantage of the current weakening of the dollar amid the slippage in negotiations on Brexit and the threat of quarantine in Birmingham, a major English city.. Our Analysis: Provided that the currency pair is traded above 1.3075, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3085 Take Profit 1: 1.3115 Take Profit 2: 1.3145 Alternative scenario: In case of breakdown of the level 1.3075 follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3075 Take Profit 1: 1.3050 Take Profit 2: 1.3025 Learn More Trading Analysis of Microsoft Microsoft joins Epic Games in an argument with Apple. Microsoft intervenes by supporting the video game developer Fortnite. Microsoft has warned that if Apple closes its Epic Games account with the AppStore, it will damage the gaming business of the technology giant as well as other game creators. Microsoft filed a lawsuit on Sunday after Epic Games said Apple threatened to remove some of the games from its app store and block the ability to support the "Unreal Engine" the software that many game developers use to create better graphics. Our Analysis: Provided that the asset is traded below 214.90, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 209.81 Take Profit 1: 208.10 Take Profit 2: 206.60 Alternative scenario: In case of breakout of the level 214.90, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 214.90 Take Profit 1: 217.40 Take Profit 2: 218.90 Learn More Fundamental Trading Analysis of EUR/CHF The Final German GDP for the second quarter decreased by 9.7% quarterly and 11.3% annualized. Economists predicted a decrease of 10.1% and 11.7% annualized. Forex traders can compare this to the first-quarter German GDP, which decreased 2.0% quarterly and by 1.8% annualized. The Swiss Employment Level for the second quarter was reported at 5.095M. Forex traders can compare this to the Swiss Employment Level for the second quarter, reported at 5.132M. Our Analysis: Should price action for the EUR/CHF remain inside the or breakdown below the 1.0740 to 1.0780 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0760 Take Profit Zone: 1.0575 – 1.0610 Stop Loss Level: 1.0810 Alternative scenario: Should price action for the EUR/CHF breakout above 1.0780 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.0810 Take Profit Zone: 1.0860 – 1.0915 Stop Loss Level: 1.0780 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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