Daily Trading Analysis 18.06.2020

Technical & Fundamental analysis

Trading Analysis AUD/NZD Ministry of Health of New Zealand confirmed a new case of infection with coronavirus of a new type, the press service of the agency. The new patient was a man on a flight from Pakistan who had made a connection in Melbourne, Australia. He is currently under quarantine. Our Analysis: Provided that the currency pair is traded below 1.0680, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.0662 Take Profit 1: 1.0630 Take Profit 2: 1.0610 Alternative scenario: In case of breakout of the level 1.0680, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.0680 Take Profit 1: 1.0710 Take Profit 2: 1.0720 Learn More Trading Analysis of Disney Walt Disney has suspended one of its top executives, Barbara Fedida, while it investigates press reports that she has made racist comments, including inappropriate behavior. Our Analysis: Provided that the asset is traded above 114.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 117.34 Take Profit 1: 121.10 Take Profit 2: 128.20 Alternative scenario: In case of breakdown of the level 114.00, follow the recommendations below: The timeframe: H4 Recommendation: short position Entry point: 114.00 Take Profit 1: 111.40 Take Profit 2: 109.20 Learn More Trading Analysis of AUD/CHF The Australian Employment Change for May was reported at -227.7K. Economists predicted a figure of -125.0K. Forex traders can compare this to the Australian Employment Change for April, which was reported at -594.3K. The Unemployment Rate for May was reported at 7.1%.  Our Analysis: Should price action for the AUD/CHF remain inside the or breakdown below the 0.6485 to 0.6580 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.6520 Take Profit Zone: 0.5975 – 0.6080 Stop Loss Level: 0.6620 Alternative scenario: Should price action for the AUD/CHF breakout above 0.6580 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.6620 Take Profit Zone: 0.6710 – 0.6735 Stop Loss Level: 0.6580 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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