Daily Trading Analysis 05.08.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD shows growth because of the CAD's correlation with oil. Our Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2515 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 In Wednesday's trading the pair NZD/USD continues to remain in the accumulation phase. Our Analysis: While the price is below 0.7095, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6972 Take Profit 1: 0.6880 Take Profit 2: 0.6800 Alternative scenario: If the level 0.7095 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7095 Take Profit 1: 0.7210 Take Profit 2: 0.7315 Learn More Fundamental Trading Analysis of Intel  The past five years have been tough for Intel, the world's largest maker of x86 processors for PCs and data centers. It has underperformed Taiwan Semiconductor Manufacturing Company and Samsung in the "technology race" to produce smaller, more high-level chips, and persistent lags and chip shortages have ended in a huge loss of market to AMD. Our Analysis: As long as the price is below 58.19, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 53.80 Take Profit 1: 52.34 Take Profit 2: 49.36 Alternative scenario: If the level of 58.19 is broken-out, follow the recommendations below:   Time frame: D1 Recommendation: long position Entry point: 58.19 Take profit 1: 62.26 Take Profit 2: 66.48 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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