Daily Trading Analysis 05.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD CIBC expects the Bank of Canada to wait for the Fed to make the first move. Our Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2330 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 seeks to "turn the tide" with risk-off in the Pacific region - Reuters. Our Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7025 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 eBay eBay stock has been on a roll in 2021. Investors have favored the company's low-asset business model, which has seen a surge in customers and spending since the pandemic.  Our Analysis: Provided that the company is traded above 62.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 65.35 Take Profit 1: 69.60 Take Profit 2: 71.50 Alternative scenario: In case of breakdown of the level 62.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 62.50  Take Profit 1: 59.50 Take Profit 2: 57.60 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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