Wednesday, August 25, 2021

Daily Trading Analysis 25.08.2021

Trading Analysis of USD/CAD

USD/CAD will continue its pullback towards the 200-DMA at 1.2553 - Credit Suisse.






Our Analysis:

Provided that the currency pair is traded above 1.2550, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2616
  • Take Profit 1: 1.2950
  • Take Profit 2: 1.3130

Alternative scenario:

In case of breakdown of the level 1.2550, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2550
  • Take Profit 1: 1.2420
  • Take Profit 2: 1.2300

Trading Analysis of NZD/USD

NZD/USD rises to a weekly high above 0.6950.








Our Analysis:

While the price is below 0.7085, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6940
  • 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

Fundamental Trading
Analysis of Intel
In recent years, Intel has shown no signs of being on its way to a $1 trillion market capitalization. Idle revenues year after year and a loss of technical superiority have left this tech titan far behind PC-era peers such as Microsoft, Nvidia, and even Advanced Micro Devices.

Our Analysis:

 As long as the price is above 51.70, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 53.73
  • Take profit 1: 56.50
  • Take Profit 2: 57.70

Alternative scenario:

If the level of 51.70 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 51.70
  • Take Profit 1: 49.60
  • Take Profit 2: 48.50

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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