Daily Trading Analysis 21.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD continues to update multi-month highs. Our Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2442 Take Profit 1: 1.2630 Take Profit 2: 1.2740 Alternative scenario: In case of breakdown of the level 1.2180, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2180  Take Profit 1: 1.2020 Take Profit 2: 1.1900 Learn More Trading Analysis of NZD/USD New Zealand intends to strike free trade deals with Britain and the EU this year in an effort to diversify its export markets amid growing tensions with China, the trade minister said. Our Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6947 Take Profit 1: 0.6800 Take Profit 2: 0.6680 Alternative scenario: If the level 0.7160 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7160 Take Profit 1: 0.7240 Take Profit 2: 0.7315 Learn More Fundamental Trading Analysis of AT&T The T company surprised shareholders last month with two statements. First, the company is going to get rid of WarnerMedia and merge it with Discovery, ending its pricey attempt to become a media giant after acquiring Time Warner three years ago. Our Analysis: While the price is below 30.20, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 28.99 Take Profit 1: 27.60 Take Profit 2: 26.90 Alternative scenario: If the level 30.20 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 30.20 Take Profit 1: 31.40 Take Profit 2: 32.10 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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