Daily Trading Analysis 14.05.2020

Technical & Fundamental analysis

Trading Analysis AUD/USD Australian Consumer Inflation Expectations for May increased by 3.4% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for April, which increased by 4.6% annualized. The Australian Employment Change for April was reported at -594.3K. Economists predicted a figure of -575.0K. Forex traders can compare this to the Australian Employment Change for March, which was reported at 5.9K. The Unemployment Rate for April was reported at 6.2%. Economists predicted a reading of 8.3%. Forex traders can compare this to the Unemployment Rate for March, which was reported at 5.2%. 220.5K Full-Time Positions were and 373.8K Part-Time Positions were lost in April. Forex traders can compare this to the loss of 0.4K Full-Time Positions and to the creation of 6.4K Part-Time Positions, which were reported in March. The Labor Force Participation Rate for April was reported at 63.5%. Economists predicted a reading of 65.2%. Forex traders can compare this to the Labor Force Participation Rate for March, which was reported at 66.0%. Our Analysis: Should price action for the AUD/USD remain inside the or breakout above the 0.6380 to 0.6470 zone the following trade set-up is r ecommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.6430 Take Profit Zone: 0.6750 – 0.6815 Stop Loss Level: 0.6340 Alternative scenario: Should price action for the AUD/USD breakdown below 0.6380 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.6340 Take Profit Zone: 0.6215 – 0.6260 Stop Loss Level: 0.6380 Learn More Trading Analysis of EUR/JPY Today, the Japanese authorities will prematurely cancel the emergency situation in 39 out of 47 regions of the country. The decision is expected to be taken today by Prime Minister Shinzo Abe after consultations with the Government's counter COVID-19 headquarters. Our Analysis: Provided that the currency pair is traded below 115.92, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 115.57 Take Profit 1: 115.05 Take Profit 2: 114.81 Alternative scenario: In case of breakout of the level 115.92, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 115.92 Take Profit 1: 116.32 Take Profit 2: 116.56 Learn More Trading Analysis of Disney Disney said it raised $11 billion from the six tranches to support its finances as the pandemic led to park closures and disruption of most operations. The proceeds of the sale are expected to be used for general corporate purposes, including the repayment of its outstanding debt and commercial paper in the amount of $55.5 billion. The offer included six bonds with maturities ranging from 6 to 40 years. Our Analysis: Provided that the asset is traded above 99.60, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 103.50 Take Profit 1: 106.60 Take Profit 2: 112.25 Alternative scenario: In case of breakdown of the level 99.60, follow the recommendations below: The timeframe: H4 Recommendation: short position Entry point: 99.60 Take Profit 1: 90.90 Take Profit 2: 80.50 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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