Daily Trading Analysis 17.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Canada: May CPI rose more than analysts had expected. Our Analysis: Provided that the currency pair is traded above 1.2150, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2270 Take Profit 1: 1.2400 Take Profit 2: 1.2500 Alternative scenario: In case of breakdown of the level 1.2150, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2150  Take Profit 1: 1.1980 Take Profit 2: 1.1830 Learn More Trading Analysis of NZD/USD New Zealand GDP beat all forecasts: +1.6% q/q vs forecast of +0.5%. Our Analysis: While the price is below 0.7328, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7140 Take Profit 1: 0.6877 Take Profit 2: 0.6751 Alternative scenario: If the level 0.7328 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7328 Take Profit 1: 0.7540 Take Profit 2: 0.7667 Learn More Fundamental Trading Analysis of Amazon  Retail giant Walmart has held the top spot in revenue among publicly traded companies for about 20 years (it displaced ExxonMobil from that throne in 2001). Thanks to its discount sales business model and steady growth in the number of stores across the U.S. and around the world (about 10,500 worldwide), the company generated about $560 billion in annual revenue in the fiscal year 2021. Our Analysis: While the price is above 3240.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3346.83 Take Profit 1: 3508.00 Take Profit 2: 3579.00 Alternative scenario: If the level 3240.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3240.00 Take Profit 1: 3123.00 Take Profit 2: 3053.00 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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