Daily Trading Analysis 16.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD is preparing for a reversal towards the strongest growth since March. Our Analysis: Provided that the currency pair is traded above 1.2250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2570 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 RBNZ core inflation model is up 2.2% QoQ for the second quarter of 2021. 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 Alibaba  Alibaba is probably China's best-known technology business. It can boast of its biggest online marketplaces in the country, Taobao and Tmall, as well as the largest cloud infrastructure platform, Alibaba Cloud. Our Analysis: While the price is below 214.70, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 206.00 Take Profit 1: 190.40 Take Profit 2: 185.00 Alternative scenario: If the level 214.70 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 214.70 Take Profit 1: 224.30 Take Profit 2: 230.10 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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