Daily Trading Analysis 23.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The impressive rally in crude oil prices and the widespread weakness of the dollar caused the USD/CAD pair to suffer big losses. 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 The U.S. dollar index rose to 92.00 before FOMC Chairman Powell's speech. Our Analysis: While the price is below 0.7161, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6975 Take Profit 1: 0.6701 Take Profit 2: 0.6571 Alternative scenario: If the level 0.7161 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7161 Take Profit 1: 0.7380 Take Profit 2: 0.7510 Learn More Fundamental Trading Analysis of Disney Walt Disney has become one of the most popular blue-chip stocks thanks to its distinguished history. The House of Mouse has been delighting its customers for decades and thereby winning their loyalty.  Our Analysis: While the price is below 177.90, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 173.97 Take Profit 1: 160.30 Take Profit 2: 157.60 Alternative scenario: If the level 177.90 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 177.90 Take Profit 1: 182.60 Take Profit 2: 185.00 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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