Daily Trading Analysis 01.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Canada: Manufactured goods prices rose 1.6% m/m in April. Comment: RSI shows the possibility of a downtrend during the day. Our Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2075 Take Profit 1: 1.1980 Take Profit 2: 1.1680 Alternative scenario: In case of breakout of the level 1.2275, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2275  Take Profit 1: 1.2400 Take Profit 2: 1.2500 Learn More Trading Analysis of NZD/USD RBNZ, Hawksbee: Markets are ahead of the curve on rate hikes. Comment: RSI shows the possibility of an uptrend in the medium term. Our Analysis: While the price is above 0.7140, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7249 Take Profit 1: 0.7315 Take Profit 2: 0.7385 Alternative scenario: If the level 0.7140 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7140 Take Profit 1: 0.7065 Take Profit 2: 0.7000 Learn More Fundamental Trading Analysis of Coca-Cola Coca-Cola shareholders are getting one of the highest dividends in Wall Street history. The corporation has been paying dividends for more than a century, and in 2021 it raised its annual payout for the 59th consecutive year. But AT&T just recently showed the market a severe hint that even companies with a long tradition of dividend increases can't guarantee that those regular raises will last forever. Our Analysis: While the price is above 54.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 55.29 Take Profit 1: 56.80 Take Profit 2: 57.40 Alternative scenario: If the level 54.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 54.50 Take Profit 1: 53.50 Take Profit 2: 52.90 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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