Daily Trading Analysis 19.02.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD The pound continues to be one of the best performing currencies this year, which helped the pair rise back to 1.4000 for the first time in almost three years. However, recent British press reports suggest that the U.K. government has decided to approach easing with caution, which could slow the economic recovery at least in the second quarter, dampening optimism about the pound. Our Analysis: Provided that the currency pair is traded below 1.3980, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3954 Take Profit 1: 1.3925 Take Profit 2: 1.3900 Alternative scenario: In case of breakout of the level 1.3980, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3980 Take Profit 1: 1.4000 Take Profit 2: 1.4025 Learn More Trading Analysis of S&P 500 Index U.S. stock indices declined on Thursday after the release of data on the number of new jobless claims in the U.S. last week and on home construction in January. The Standard & Poor's 500 fell 17.36 points (0.44%) to 3,913.97 points. Our Analysis: Provided that the index is traded below 3931.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3919.00 Take Profit 1: 3885.00 Take Profit 2: 3872.00 Alternative scenario: In case of breakout of the level 3931.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3931.00 Take Profit 1: 3941.00 Take Profit 2: 3950.00 Learn More Fundamental Trading Analysis of Tesla  With so much momentum in both Tesla's stock price and its core business, isn't it time for the automaker to consider splitting its stock again? It's hard to believe, but it's only been six months since Tesla surprised investors with the announcement of a 5-to-1 stock split. Despite the stock split, its price has already risen by more than half since last August. Also, it's not just the stock that has gained momentum since last summer: electric car sales have surged, and profitability now looks like it's here for good. This could be a sign that this year's stock gains could lead to another split. Our Analysis: While the price is above 727.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 816.00 Take Profit 1: 909.00 Take Profit 2: 955.00 Alternative scenario: If the level 727.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 727.00 Take Profit 1: 653.00 Take Profit 2: 610.00 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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