Daily Trading Analysis 01.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD weakened yesterday after US and Canadian economic statistics block releases. Our Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2301 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 cannot consolidate above 0.7000.  Our Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6999 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: 0.7160 Take Profit 1: 0.7240 Take Profit 2: 0.7315 Learn More Fundamental Trading Analysis of Pfizer Imagine you have a product that made $919 million in sales last year. Now imagine having to stop supplying that product not just to one market, but all over the world. That is precisely the situation that Pfizer is in right now. Our Analysis: While the price is below 40.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 39.05 Take Profit 1: 37.70 Take Profit 2: 37.10 Alternative scenario: If the level 40.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 40.50 Take Profit 1: 41.60 Take Profit 2: 42.20 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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