Daily Trading Analysis 25.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD fell to a daily low of 1.2280 early in the American session on Thursday, but it managed to change direction. Our Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2318 Take Profit 1: 1.2480 Take Profit 2: 1.2630 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 NZD/USD continued its 4th consecutive day of gains on Thursday and touched a high for the week at 0.7074. 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 Walmart  Walmart recently announced that its stores would remain closed on Thanksgiving this year. That's the second year in a row, and the company became the second major retailer, after Target, to say it would not be open during the holiday. Our Analysis: While the price is below 139.70, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 136.43 Take Profit 1: 132.20 Take Profit 2: 130.20 Alternative scenario: If the level 139.70 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 139.70 Take Profit 1: 143.20 Take Profit 2: 145.30 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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