Daily Trading Analysis 12.03.2020

Technical & Fundamental analysis

Trading Analysis EUR/USD Eurozone Industrial Production for January is predicted to increase by 1.4% monthly and to decrease by 3.1% annualized. Our Analysis: Should price action for the EUR/USD remain inside the or breakout above the 1.1250 to 1.1350 zone the following trade set-up is recommended: The timeframe: D1 Recommendation: - Long Position Entry point: 1.1275 Take Profit 1: 1.1570 – 1.1620 Take Profit 2: 1.1225 Alternative scenario: Should price action for the EUR/USD breakdown below 1.1250 the following trade set-up is recommended: The timeframe: D1 Recommendation - Short Position Entry point: 1.1225 Take Profit 1: 1.0890 – 1.0990 Take Profit 2: 1.1275 Learn More Trading Analysis of GOLD/USD The price of gold, which closes low for couple days in a row, amid reports from China that the coronavirus epidemic began to decline. In the past 24 hours, only 15 people have been infected with the virus. Our Analysis: As long as Gold is traded above 1650.00, please follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1632.00 Take Profit 1: 1623.00 Take Profit 2: 1611.00 Alternative scenario:  In case of breakdown of level 1650.00 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1650.00 Take Profit 1 - 1656.00 Take Profit 2 - 1663.00 Learn More Trading Analysis of BOEING  Our Analysis: IIf the level of support is broken, you shall follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 186.60 Take Profit Level: 175.00 (1160 pips) Alternative scenario: If the price rebound from the support level, you shall follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 240.00 Take Profit Level: 241.00 (100 pips) 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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