Daily Trading Analysis 30.07.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD is hovering near two-week lows, just above 1.2450 Our Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2558 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 Former RBNZ deputy head Spencer: Central Bank may raise OCR rate to 2% by Q3 2022. Our Analysis: While the price is above 0.6791, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6953 Take Profit 1: 0.7240 Take Profit 2: 0.7357 Alternative scenario: If the level 0.6791 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6791 Take Profit 1: 0.6596 Take Profit 2: 0.6480 Learn More Fundamental Trading Analysis of Johnson & Johnson Johnson & Johnson has been a profitable business to invest in for years. But its legal problems have grown steadily--the company has faced tens of thousands of lawsuits over talc alone. Our Analysis: Provided that the currency pair is traded above 168.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 171.79 Take Profit 1: 177.30 Take Profit 2: 179.40 Alternative scenario: In case of breakdown of the level 168.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 168.50 Take Profit 1: 165.10 Take Profit 2: 163.00 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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