Daily Trading Analysis 22.04.2020

Technical & Fundamental analysis

Trading Analysis GBP/AUD The Australian Westpac Leading Index for March decreased by 0.84% monthly. Forex traders can compare this to the Australian Westpac Leading Index for February, which decreased by 0.39%. Australian Skilled Vacancies for March decreased by 5.3% monthly. Forex traders can compare this to Australian Skilled Vacancies for February, which decreased by 4.5% monthly. The UK CPI for March is predicted flat at 0.0% monthly, and to increase by 1.5% annualized. Forex traders can compare this to the UK CPI for February, which increased by 0.4% monthly 1.7% annualized. The Core CPI for March is predicted to increase by 1.6% annualized and the CPI Including Housing Costs is predicted to increase by 1.6% annualized. Forex traders can compare this to Core CPI for February, which increased by 1.7% annualized and to the CPI Including Housing Costs, which increased by 1.7% annualized. Our Analysis: Should price action for the GBP/AUD remain inside the or breakout above the 1.9400 to 1.9585 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.9490 Take Profit Zone: 2.0595– 2.0850 Stop Loss Level: 1.9340 Alternative scenario: Should price action for the GBP/AUD breakdown below 1.9400 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.9340 Take Profit Zone: 1.8900 – 1.9090 Stop Loss Level: 1.9490 Learn More Trading Analysis of Microsoft Microsoft urged governments and companies around the world to share their data with other organizations to prevent what the company said could lead to a concentration of digital energy in the hands of the United States, China and a small number of giant technology companies. The software company on Tuesday fully supported the "open data" movement, which includes providing data for sharing and reuse by others, much as open source software has changed the way some computer code is produced. Microsoft said it would work with other organizations to open up some of its own data for wider use, while creating standardized tools and legal frameworks to make it easier for others to follow their lead.  Our Analysis: Provided that the asset is traded above 170.40, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 167.82 Take Profit 1: 163.90 Take Profit 2: 162.00 Alternative scenario: In case of breakout of the level 170.40, follow the recommendations below: The timeframe: H4 Recommendation: long position Entry point: 170.40 Take Profit 1: 173.70 Take Profit 2: 175.60 Learn More Trading Analysis of EUR/GBP Pound will strengthen to 80 pence against the euro, a mark that has not been reached since 2016, when Britain decided to leave the EU. Coronavirus pandemic means that the deadline for signing a trade agreement this year may be shifted, which will delay the risks for the currency. Prospects for the pound, which suffered from a sell-off since the country's decision to leave the EU and the coronavirus epidemic may change. Against the dollar, the currency reached its lowest level for 35 years last month. In recent weeks, the pound has recovered its lost positions, but remains 3% lower against the euro, at 87 pence. Prospects for the euro have also deteriorated, as the EU cannot find a compromise on support for economies affected by the coronavirus.  Our Analysis: Provided that the currency pair is traded above 0.8781, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.8828 Take Profit 1: 0.8899 Take Profit 2: 0.8934 Alternative scenario:  In case of breakdown of the level 0.8781, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.8781 Take Profit 1: 0.8723 Take Profit 2: 0.8688 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 Constant Contact Sent by info@paxforex.com