Daily Trading Analysis 15.04.2020

Technical & Fundamental analysis

Trading Analysis USD/CHF Measures to counter the spread of coronavirus (general quarantine and closure of "systemically unimportant" enterprises and facilities) put many companies, especially from small and medium-sized businesses (and these are the majority of companies in the country) in a difficult position. In order to avoid massive layoffs in this situation, a tool that has already proven itself in times of crisis is being widely used in Switzerland: the shortened working hours.  Our Analysis: Provided that the currency pair is traded above 0.9650, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9670 Take Profit 1: 0.9700 Take Profit 2: 0.9720 Alternative scenario: In case of breakdown of the level 0.9650, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9650 Take Profit 1: 0.9635 Take Profit 2: 0.9620 Learn More Trading Analysis of EUR/USD The Final German CPI for March increased by 0.1% monthly, and by 1.4% annualized. Economists predicted an increase of 0.1% and 1.4% annualized. Forex traders can compare this to the previous German CPI for March, which increased by 0.1% monthly and 1.4% annualized. The EU Harmonized German CPI for March increased by 0.1% monthly, and by 1.3% annualized. Economists predicted an increase of 0.1% and 1.3%. Forex traders can compare this to the previous EU Harmonized German CPI for March, which increased by 0.1% monthly and 1.3% annualized. Eurozone Industrial Production for February is predicted to decrease by 0.2% monthly and by 1.9% annualized. Forex traders can compare this to Eurozone Industrial Production for January, which increased by 2.3% monthly, and which decreased 1.9% annualized. Our Analysis: Should price action for the EUR/USD remain inside the or breakout above the 1.0840 to 1.0910 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.0875 Take Profit Zone: 1.1370 – 1.1495 Stop Loss Level: 1.0785 Alternative scenario: Should price action for the EUR/USD breakdown below 1.0840 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0785 Take Profit Zone: 1.0635 – 1.0725 Stop Loss Level: 1.0840 Learn More Trading Analysis of GOLD/USD Gold is being traded at 1720 and continues to move within the growth framework. XAU/USD quotes are moving above the upper boundary of Ichimoku Kinko Hyo Cloud. This indicates a bullish trend. As part of the Gold price forecast for April 16, 2020, an attempt to fall in prices for the precious metal is expected. Our Analysis: Provided that the price is above 1728.00, please follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1715.00 Take Profit 1: 1706.00 Take Profit 2: 1696.00 Alternative scenario:  In case of breakout of the level 1728.00 and the consolidation of the price above this level, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1728.00 Take Profit 1: 1738.00 Take Profit 2: 1747.00 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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