Daily Trading Analysis 30.06.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD EUR/USD: The Fed will start tapering off its stimulus policy sooner than the ECB. Our Analysis: While the price is below 1.2020, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1938 Take Profit 1: 1.1845 Take Profit 2: 1.1775 Alternative scenario: If the level 1.2020 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2020 Take Profit 1: 1.2095 Take Profit 2: 1.2190 Learn More Trading Analysis of GBP/USD GBP/USD is cutting its losses and climbing towards the area of 1.3850. Our Analysis: While the price is below 1.4075, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3883 Take Profit 1: 1.3670 Take Profit 2: 1.3500 Alternative scenario: If the level 1.4075 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4075 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Learn More Fundamental Trading Analysis of Johnson & Johnson Many investors know the reasons to invest in Johnson & Johnson. It is a large, diversified company with one of the highest dividend yields in the Dow Jones Industrial Average. In addition, many are well aware of a good reason to avoid it -- the company's recent history of legal problems. Our Analysis: While the price is below 167.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 164.00 Take Profit 1: 158.80 Take Profit 2: 156.90 Alternative scenario: If the level 167.40 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.40 Take Profit 1: 170.90 Take Profit 2: 172.90 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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