Daily Trading Analysis 11.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD After being in a narrow range around 1.2100 for most of the day, the USD/CAD dropped in the US trading and posted a daily low at 1.2068. Our Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2084 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 The U.S. dollar traded fairly steady Thursday, even despite the biggest jump in inflation since August 2008. Our Analysis: While the price is below 0.7412, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7207 Take Profit 1: 0.6931 Take Profit 2: 0.6796 Alternative scenario: If the level 0.7412 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7412 Take Profit 1: 0.7639 Take Profit 2: 0.7775 Learn More Fundamental Trading Analysis of Tesla  Concerns about Tesla electric car sales in China have recently intensified, raising some concerns about the high valuation of the rising stock. For example, GLJ Research analyst Gordon Johnson believes that monthly deliveries of Tesla vehicles in the important car market have peaked at around 20,000 units.  Our Analysis: While the price is above 599.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 608.87 Take Profit 1: 626.40 Take Profit 2: 633.40 Alternative scenario: If the level 599.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 599.20 Take Profit 1: 587.60 Take Profit 2: 580.80 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.

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