Daily Trading Analysis 07.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD rose to a 2-month high near 1.2500. 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: 1.2630 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 NZD/USD: commodity currencies are strengthening after NFP. Our Analysis: While the price is above 0.6890, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7086 Take Profit 1: 0.7343 Take Profit 2: 0.7463 Alternative scenario: If the level 0.6890 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6890 Take Profit 1: 0.6692 Take Profit 2: 0.6573 Learn More Fundamental Trading Analysis of Alphabet  Will Google stock finally beat other FANG stocks? To date, Alphabet stock has looked better than Facebook, Amazon.com, and Netflix. Our Analysis: Provided that the company is traded above 2325.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2479.00 Take Profit 1: 2710.00 Take Profit 2: 2790.00 Alternative scenario: In case of breakdown of the level 2325.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2325.00 Take Profit 1: 2200.00 Take Profit 2: 2131.00 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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