Daily Trading Analysis 28.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD is consolidating under 1.2600. 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: 1.2750 Take Profit 2: 1.2880 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 recovering from the 6-day lows. Our Analysis: While the price is below 0.7120, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6960 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 AT&T AT&T beat experts' estimates with its second-quarter earnings report. One of the highlights was 789,000 net additions to postpaid phone service. Analysts on average were expecting only 278,000. Our Analysis: While the price is below 28.60, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 27.91 Take Profit 1: 27.00 Take Profit 2: 26.70 Alternative scenario: If the level 28.60 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 28.60 Take Profit 1: 29.10 Take Profit 2: 29.40 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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