Daily Trading Analysis 19.08.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD: anxiety over the coronavirus is worsening investor sentiment. Our Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2695 Take Profit 1: 1.2810 Take Profit 2: 1.2950 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 pair during the Asian session on Wednesday updated its lowest price level since November 2020, testing support at 0.69. Our Analysis: While the price is below 0.7085, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6850 Take Profit 1: 0.6800 Take Profit 2: 0.6572 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 Johnson & Johnson Johnson & Johnson's COVID-19 vaccine has faced a number of problems this year. From manufacturing problems to alarming reports of blood clots probably related to the vaccine, it has not had the success the company probably hoped for at this point. Vaccines from Pfizer and Moderna have brought these companies much more revenue and seem to be the vaccines of choice for numerous people. Our Analysis: As long as the price is above 173.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 177.10 Take Profit 1: 182.70 Take Profit 2: 185.90 Alternative scenario: If the level of 173.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 173.80 Take Profit 1: 171.20 Take-profit 2: 169.60 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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