Daily Trading Analysis 26.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pulled back after a surge to 1.2606. Our Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2571 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 is down from multi-day highs but is trading around 0.6970-75. Our Analysis: While the price is below 0.7120, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6977 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 Alphabet Praise be to Alphabet for looking beyond search engines and search-based advertising for opportunities. YouTube and its cloud computing services division have been hugely successful, providing at least some of the company's share gains in recent years. These businesses have also smoothed out potential fluctuations in revenue from one quarter to the next. Our Analysis: Provided that the company is traded above 2570.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2740.00 Take Profit 1: 2825.00 Take Profit 2: 2950.00 Alternative scenario: In case of breakdown of the level 2570.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2570.00  Take Profit 1: 2495.00 Take Profit 2: 2380.00 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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