Daily Trading Analysis 15.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Canada: Manufacturing sales fell 2.1% in April. Our Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2161 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 world markets continue trading near record highs; nevertheless, the currency market is clearly entering a phase of caution ahead of the Fed meeting in the middle of the week. Our Analysis: While the price is below 0.7290, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7135 Take Profit 1: 0.7000 Take Profit 2: 0.6940 Alternative scenario: If the level 0.7290 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7290 Take Profit 1: 0.7385 Take Profit 2: 0.7465 Learn More Fundamental Trading Analysis of Boeing  Just a couple of years ago, Boeing was producing 14 787 Dreamliner jets a month, a record speed for a wide-body aircraft. But the COVID-19 pandemic has undermined demand, making the aerospace giant cut production to just five planes a month. Our Analysis: While the price is above 236.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 247.28 Take Profit 1: 264.90 Take Profit 2:271.70 Alternative scenario: If the level 236.90 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 236.90 Take Profit 1: 225.60 Take Profit 2: 219.00 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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