Source: PaxForex Premium Analytics Portal, Technical Insight

Microsoft joins Epic Games in an argument with Apple. Microsoft intervenes by supporting the video game developer Fortnite. Microsoft has warned that if Apple closes its Epic Games account with the AppStore, it will damage the gaming business of the technology giant as well as other game creators. Microsoft filed a lawsuit on Sunday after Epic Games said Apple threatened to remove some of the games from its app store and block the ability to support the "Unreal Engine" the software that many game developers use to create better graphics.

Microsoft, H4

Pivot: 209.81

Analysis:

Provided that the asset is traded below 214.90, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 209.81
• Take Profit 1:  208.10
• Take Profit 2: 206.60

Alternative scenario: 

In case of breakout of the level 214.90, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 214.90
• Take Profit 1: 217.40
• Take Profit 2: 218.90

Comment:

RSI is below 50. MACD is below its signal line and negative. The configuration is negative. Microsoft trades below its 20-period MA (213.41) but above its 50-period MA (212.88).

Key levels:

Microsoft, D1

Pivot: 214.96

Analysis:

While the asset is traded above 197.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 214.96
• Take Profit 1: 217.50
• Take Profit 2: 232.00

Alternative scenario:

If the level 197.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 197.00
• Take Profit 1: 186.00
• Take Profit 2: 175.00

Comment:

RSI shows an uptrend.

Key levels:

We also advise you to pay attention to Apple for intraday trading:

Pivot: 500.98

Analysis:

While the asset is traded above 494.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 500.98
• Take Profit 1: 509.60
• Take Profit 2: 513.20

Alternative scenario:

If the level 494.00 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 494.00
• Take Profit 1: 488.00
• Take Profit 2: 484.40