Daily Trading Analysis 25.05.2020

Technical & Fundamental analysis

Trading Analysis GOLD/USD The Final Japanese Leading Index for May was reported at 84.7, and the Final Japanese Coincident Index was reported at 90.2. Forex traders can compare this to the previous Japanese Leading Index for May, which was reported at 91.9 and to the previous Japanese Coincident Index, which was reported at 95.4. The Final German GDP for the first quarter decreased by 1.9% quarterly and 2.2% annualized. Economists predicted a decrease of 1.9% and 2.2% annualized. Forex traders can compare this to the previous first quarter German GDP report, which decreased 1.9% quarterly and by 2.2% annualized. Our Analysis: Should price action for Gold remain inside the or breakout above the 1,712.00 to 1,740.00 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1,728.00 Take Profit Zone: 1,824.40 – 1,920.55 Stop Loss Level: 1,690.00 Alternative scenario: Should price action for Gold breakdown below 1,712.00 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1,690.00 Take Profit Zone: 1,643.00 – 1,659.50 Stop Loss Level: 1,712.00 Learn More Trading Analysis of USD/CHF The coronavirus pandemic could lead to a deep recession in Switzerland. Until the end of the year, the Confederation will see a sharp decline in GDP, especially in the second quarter. In 2020 - due to the pandemic - Swiss GDP may fall by 5.5%. This is the conclusion reached by experts from the Center for Economic Studies (KOF) at the ETH Zurich. For comparison, the KOF previously predicted an annual growth rate of 0.3%. The Swiss GDP will settle most of all in the second quarter. KOF analysts do not rule out a decline of "almost 10%". Quarantine restrictions hit the profit of Swiss companies, especially - in the service sector. The coronavirus pandemic will also have a negative impact on the Swiss labor market. KOF estimates that the unemployment rate in Switzerland will reach 4.7% by the end of the year. In comparison, the figure for 2019 was 2.3%. Our Analysis: Provided that the currency pair is traded above 0.9705, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9712 Take Profit 1: 0.9730 Take Profit 2: 0.9745 Alternative scenario: In case of breakdown of the level 0.9705, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9705 Take Profit 1: 0.9690 Take Profit 2: 0.9670 Learn More Trading Analysis of Apple Apple Inc. will start opening its retail stores in Japan this week, one of the most important markets, after several months of closure due to COVID-19. Two stores, in Fukuoka and Nagoya-Sakae, will open May 27, according to the company's retail website. The opening dates of eight other Apple stores in the country have not yet been published. In September, Apple opened its last and largest store in Tokyo's Marunouchi business district, just steps away from the historic Tokyo Railway Station and Imperial Palace. Tokyo remains under an official state of emergency, although Japanese Economy Minister Yasutoshi Nishimura said on Monday that a government advisory group approved a plan to lift the measure later that day, a week ahead of schedule. Our Analysis: Provided that the asset is traded above 311.50, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 318.50 Take Profit 1: 327.00 Take Profit 2: 330.00 Alternative scenario: In case of breakdown of the level 311.50, follow the recommendations below: The timeframe: H4 Recommendation: short position Entry point: 311.50 Take Profit 1: 305.00 Take Profit 2: 299.60 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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