Daily Trading Analysis 24.06.2020

Technical & Fundamental analysis

Trading Analysis USD/JPY Kudlow: The trade deal with China is still in effect. Also, the White House advisor said: China complies with the terms of the game; The following assistance package may include tax refunds; There will be no new restrictions against the coronavirus at the national level. Our Analysis: Provided that the currency pair is traded above 106.35, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 106.56 Take Profit 1: 106.70 Take Profit 2: 106.85 Alternative scenario: In case of breakdown of the level 106.35, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 106.35 Take Profit 1: 106.20 Take Profit 2: 106.05 Learn More Trading Analysis of Tesla After the start of receiving preliminary orders for Cybertruck armored truck, Tesla actively used to share its statistics, but then it stopped abruptly. Analysts assumed that by the time the sales start next year the volume of orders will reach the mark of 1 million, and the data given today by Wedbush Securities is quite consistent with this. The volume of orders of Tesla Cybertruck armored truck is estimated at 650 thousand. According to estimates of Wedbush Securities analyst Daniel Ives, the number of orders of Tesla Cybertruck could already exceed the mark of 650 thousand - this volume he characterized by the word "stunning". Ives' forecast is based on the analysis of communities of electric cars fans in general and Tesla cars in particular, as well as on the information received from environmental activists. Our Analysis: Provided that the asset is traded above 958.06, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 1001.22 Take Profit 1: 1011.07 Take Profit 2: 1026.88 Alternative scenario: In case of breakdown of the level 958.06, follow the recommendations below: The timeframe: H4 Recommendation: short position Entry point: 958.06 Take Profit 1: 905.04 Take Profit 2: 871.56 Learn More Trading Analysis of EUR/NZD The Reserve Bank of New Zealand kept interest rates unchanged at 0.25%. Economists predicted no change in interest rates. Forex traders can compare this to Reserve Bank of New Zealand's previous interest rate announcement were rates were left unchanged at 0.25%. Our Analysis: Should price action for the EUR/NZD remain inside the or breakdown below the 1.7490 to 1.7600 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.7545 Take Profit Zone: 1.6800 – 1.6920 Stop Loss Level: 1.7690 Alternative scenario: Should price action for the EUR/NZD breakout above 1.7600 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.7690 Take Profit Zone: 1.7890 – 1.8000 Stop Loss Level: 1.7600 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