Daily Trading Analysis 02.03.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD British Prime Minister Johnson: we are moving in the right direction by loosening restrictions: We have no reason to believe that the coronavirus vaccine is not effective against new strains; We don't think the new strains are a threat to society; We are confident that testing will help keep the disease rate low, despite the opening of schools next week. Our Analysis: Provided that the currency pair is traded below 1.3940, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3887 Take Profit 1: 1.3820 Take Profit 2: 1.3790 Alternative scenario: In case of breakout of the level 1.3940, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3940 Take Profit 1: 1.3970 Take Profit 2: 1.4000 Learn More Trading Analysis of GOLD/USD Gold futures prices declined during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in April are trading at $1,711.75 per troy ounce. Our Analysis: Provided that the price is below 1728.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1712.00 Take Profit 1: 1704.00 Take Profit 2: 1691.00  Alternative scenario: In case of breakout of the level 1728.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1728.00 Take Profit 1: 1742.00 Take Profit 2: 1759.00 Learn More Fundamental Trading Analysis of Disney  Disney is the embodiment of the corporate dream, known for its box office blockbusters, global theme parks, and generations of intellectual property such as Marvel, Star Wars, and the animated characters that form the core of the Disney brand.  Lately, Disney stock has been rising since it bottomed last March, despite the company's poor performance over the same period. The company is up 35% in 2020 and 9% in 2021. Our Analysis: While the price is above 182.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 194.00 Take Profit 1: 210.00 Take Profit 2: 217.00 Alternative scenario: If the level 182.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 182.00 Take Profit 1: 171.00 Take Profit 2: 164.00 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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