Daily Trading Analysis 09.08.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Canada: Ivey PMI is down sharply in July. Our Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2572 Take Profit 1: 1.2670 Take Profit 2: 1.2810 Alternative scenario: In case of breakdown of the level 1.2420, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2420 Take Profit 1: 1.2300 Take Profit 2: 1.2180 Learn More Trading Analysis of NZD/USD The NZD/USD dropped to 0.7000 and lost all the points gained within the week. Our Analysis: While the price is below 0.7085, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6986 Take Profit 1: 0.6950 Take Profit 2: 0.6880 Alternative scenario: If the level 0.7085 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7085 Take Profit 1: 0.7160 Take Profit 2: 0.7240 Learn More Fundamental Trading Analysis of Facebook  Facebook beat Wall Street analysts' expectations in its second-quarter earnings report.  Revenue rose 56% year-over-year to $29.1 billion, beating analysts' forecasts, and earnings per share doubled from the quarter that suffered a lockdown a year ago to $3.61, beating the consensus forecast of $3.02. Our Analysis: Provided that the company is traded above 338.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 351.95 Take Profit 1: 380.00 Take Profit 2: 389.00 Alternative scenario: In case of breakdown of the level 338.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 338.00 Take Profit 1: 322.00 Take Profit 2: 312.00 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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