Daily Trading Analysis 25.06.2020

Technical & Fundamental analysis

Trading Analysis EUR/USD The U.S. plans to introduce new tariffs on goods from the EU and Britain for $3.1 billion. Among the goods that are planned to impose tariffs, such as olives, beer, gin and trucks, and other goods. The news increased fears of further escalation of tensions between the parties and increased demand for the dollar. Our Analysis: Provided that the currency pair is traded below 1.1275, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1272 Take Profit 1: 1.1220 Take Profit 2: 1.1190 Alternative scenario: In case of breakout of the level 1.1275, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1275 Take Profit 1: 1.3000 Take Profit 2: 1.1325 Learn More Trading Analysis of GOLD/USD Gold prices jumped to a peak in nearly eight years on Wednesday as rising incidence of coronavirus worldwide weakened hopes for a rapid economic recovery and spurred demand for safe assets. Our Analysis: Provided that the price is above 1754.00, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1762.08 Take Profit 1: 1768.00 Take Profit 2: 1774.00 Alternative scenario: In case of breakdown of the level 1754.00 and the consolidation of the price above this level, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1754.00 Take Profit 1: 1746.00 Take Profit 2: 1741.00 Learn More Trading Analysis of USD/JPY The Japanese All Industry Activity Index for April decreased by 6.4% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for Mach, which decreased by 3.4% monthly. Our Analysis: Should price action for the USD/JPY remain inside the or breakdown below the 106.850 to 107.450 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 107.200 Take Profit Zone: 103.100 – 104.500 Stop Loss Level: 108.000 Alternative scenario: Should price action for the USD/JPY breakout above 107.450 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 108.000 Take Profit Zone: 109.200 – 109.850 Stop Loss Level: 107.450 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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