Daily Trading Analysis 14.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD rose at the beginning of the American session and posted a daily high at 1.2522. Our Analysis: Provided that the currency pair is traded above 1.2250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2448 Take Profit 1: 1.2650 Take Profit 2: 1.2740 Alternative scenario: In case of breakdown of the level 1.2250, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2250  Take Profit 1: 1.2130 Take Profit 2: 1.2020 Learn More Trading Analysis of NZD/USD The NZD/USD started the week lower, but then gained back the lion's share of the points lost. The focus remains on the upcoming monetary policy meeting of the Central Bank of New Zealand, ANZ Bank analysts write. Our Analysis: While the price is above 0.6820, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6983 Take Profit 1: 0.7236 Take Profit 2: 0.7349 Alternative scenario: If the level 0.6820 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6820 Take Profit 1: 0.6631 Take Profit 2: 0.6518 Learn More Fundamental Trading Analysis of Tesla  In recent months, Tesla has caused a flood of press coverage, much of it focused on its problems in China. But at the same time, another story has been developing about the company's chase of self-driving cars. Our Analysis: Provided that the company is traded above 615.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 656.00 Take Profit 1: 705.00 Take Profit 2: 728.00 Alternative scenario: In case of breakdown of the level 615.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 615.00  Take Profit 1: 577.00 Take Profit 2: 554.00 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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