Daily Trading Analysis 07.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The main pressure on the pair right now is the weakening of the US dollar after the release of the disappointing NFP data from the US labor market for May. Our Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2080 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of breakout of the level 1.2275, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2275  Take Profit 1: 1.2400 Take Profit 2: 1.2500 Learn More Trading Analysis of NZD/USD Analysts at CIBC Capital Markets write that the kiwi is consolidating after rising over the past month. The outlook for the kiwi remains positive, but the rate of growth will slow down. Our Analysis: While the price is above 0.7140, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7211 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 Caterpillar Evaluating a cyclical corporation like Caterpillar is not easy. In fact, you can easily get carried away buying stock when things are going well and find that you've overpaid when the end markets start to fall. Usually, the most suitable time to buy is when things look bleak and valuations (based on current earnings) are very high. Nevertheless, let's try to take an impartial look at Caterpillar stock. Here's what you need to know before you buy this stock. Our Analysis: While the price is above 237.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 243.86 Take Profit 1: 259.30 Take Profit 2: 263.50 Alternative scenario: If the level 237.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 237.00 Take Profit 1: 230.00 Take Profit 2: 225.80 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org