Daily Trading Analysis 22.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD made a new daily low at 1.2650 after it failed to develop a moderate intraday rally earlier. Our Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2722 Take Profit 1: 1.2880 Take Profit 2: 1.3030 Alternative scenario: In case of breakdown of the level 1.2380, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2380  Take Profit 1: 1.2250 Take Profit 2: 1.2130 Learn More Trading Analysis of NZD/USD The NZD/USD remains under pressure near 0.6900. Our Analysis: While the price is below 0.7120, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6911 Take Profit 1: 0.6800 Take Profit 2: 0.6680 Alternative scenario: If the level 0.7120 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7120 Take Profit 1: 0.7240 Take Profit 2: 0.7315 Learn More Fundamental Trading Analysis of IBM IBM just posted its best quarter in years. This tech giant demonstrated very modest overall revenue growth in the second quarter of 2021, but an expansion in its cloud computing business, driven by its flagship Red Hat, which the company acquired in 2019. For income-seeking investors, IBM is a great dividend stock right now, and the hope is that growth will be even stronger after the Kyndryl spin-off is completed by the end of this year. Our Analysis: While the price is below 148.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 148.80 Take Profit 1: 133.20 Take Profit 2: 130.40 Alternative scenario: If the level 148.80 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 148.80 Take Profit 1: 153.60 Take Profit 2: 156.70 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org