Daily Trading Analysis 23.08.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD rises to its highest level since December 2020 above 1.2900. Our Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:1.2775 Take Profit 1: 1.2950 Take Profit 2: 1.3130 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 NZD/USD: bears are waiting for a break-down below 0.6800. Our Analysis: While the price is below 0.7085, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6837 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 Cisco  Not long ago, Cisco Systems stock hit a two-year high after this tech titan released its Q4 results on Aug. 18. Analysts were excited by Cisco's second consecutive quarter of year-over-year revenue growth (which succeeded a five-quarter revenue decline streak), as well as an optimistic forecast for fiscal 2022.  Our Analysis:  As long as the price is above 53.70, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 57.27 Take Profit 1: 59.40 Take Profit 2: 60.30 Alternative scenario: If the level of 53.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 53.40 Take profit 1: 51.90 Take Profit 2: 51.00 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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