Daily Trading Analysis 06.09.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD AUD/USD will decline from the resistance at 0.7486- Commerzbank. Our Analysis: Provided that the currency pair is traded above 0.7220, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7456 Take Profit 1: 0.7530 Take Profit 2: 0.7680 Alternative scenario: In case of break-down of the level 0.7220, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7220 Take Profit 1: 0.7100 Take Profit 2: 0.7000 Learn More Trading Analysis of USD/CAD USD/CAD dropped to new multi-week lows below 1.2500. Our Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2520 Take Profit 1: 1.2690 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 Learn More Fundamental Trading Analysis of Alibaba  Shares of Chinese tech giant Alibaba Group Holding fell 14.4 percent in August, according to S&P Global Market Intelligence. Although Alibaba became the first major Chinese tech company to face fines and regulations late last year, the punishment continued in July, when shares fell 13.9%, and in August, when shares fell another 14.4%. Our Analysis: As long as the price is above 158.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 170.00 Take Profit 1: 192.10 Take Profit 2: 200.80 Alternative scenario: If the level of 158.30 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 158.30 Take profit 1: 144.10 Take Profit 2: 135.80 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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