Daily Trading Analysis 11.08.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD broke-out 1.2560 and retreated to 1.2519, marking the low from Friday. Our Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2525 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 Sources report that the number of opponents of Powell's nomination for a second term as head of the Fed is growing. It looks like it will come down to a fight for the post between Powell or Brainard. Our Analysis: While the price is above 0.6829, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7003 Take Profit 1: 0.7203 Take Profit 2: 0.7307 Alternative scenario: If the level 0.6829 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6829 Take Profit 1: 0.6655 Take Profit 2: 0.6552 Learn More Fundamental Trading Analysis of Apple  All of the headlines are true. The iPhone is indeed losing market share - in some ways. While some of this loss can be attributed to unpredictable failures caused by the pandemic, some cannot. After all, COVID-19 has made life equally difficult for all smartphone manufacturers. But some of them still found a way to poach potential buyers of other brands. Our Analysis: As long as the price is above 141.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 145.90 Take Profit 1: 150.00 Take Profit 2: 160.00 Alternative scenario: If the level of 141.50 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 141.50 Take Profit 1: 137.00 Take Profit 2: 128.00 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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