Monday, August 30, 2021

Daily Trading Analysis 30.08.2021

Trading Analysis of AUD/USD
AUD/USD is clinging to gains near the session highs at 0.7250.







Our Analysis:

Provided that the currency pair is traded below 0.7400, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7310
  • Take Profit 1: 0.7200
  • Take Profit 2: 0.7100

Alternative scenario:

In case of break-out of the level 0.7400, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7400
  • Take Profit 1: 0.7530
  • Take Profit 2: 0.7650

Trading Analysis of USD/CAD
USD/CAD will continue rising after a breakout above 1.2836 - Credit Suisse.






Our Analysis:

While the price is above 1.2420, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2615
  • Take Profit 1: 1.2715
  • Take Profit 2: 1.2810

Alternative scenario:

If the level 1.2420 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2420
  • Take Profit 1: 1.2250
  • Take Profit 2: 1.2130

Fundamental Trading
Analysis of Facebook
The majority of people have heard of the social network Facebook; with 1.9 billion daily active users, nearly one in four people in the world uses Facebook daily. 



Our Analysis:

As long as the price is above 350.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 366.50
  • Take Profit 1: 387.00
  • Take Profit 2: 396.00

Alternative scenario:

If the level of 350.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 350.00
  • Take Profit 1: 334.00
  • Take Profit 2: 325.00

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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