Daily Trading Analysis 29.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD traded above 1.2300 during the first half of the European session, though there were not any serious purchases. Our Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2299 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 RBNZ: The policy is normalizing in the medium term. Our Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7063 Take Profit 1: 0.6920 Take Profit 2: 0.6800 Alternative scenario: If the level 0.7160 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7161 Take Profit 1: 0.7240 Take Profit 2: 0.7315 Learn More Fundamental Trading Analysis of Twitter In April 2021, Twitter shares fell by more than 13%. At the same time from the beginning of the year to the beginning of May the shares lost 1%, and over the past 12 months they rose 90%. Let's look into the main reasons for the decline and consider the company's prospects. Our Analysis: Provided that the company is traded above 65.00 , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 68.11 Take Profit 1: 72.40 Take Profit 2: 74.20 Alternative scenario: In case of breakdown of the level 65.00 , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 65.00   Take Profit 1: 62.10 Take Profit 2: 60.40 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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