Thursday, September 9, 2021

Daily Trading Analysis 09.09.2021

Trading Analysis of EUR/CAD
ECB, Vasle: Monetary policy is still "highly accommodative."








Our Analysis:

As long as price is above 1.4612 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4994
  • Take Profit 1: 1.5100
  • Take Profit 2: 1.5300

Alternative scenario:

If the level of 1.4612 is broken-down, follow the recommendations below:   
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.4612
  • Take profit 1: 1.4283
  • Take profit 2: 1.4087

Trading Analysis of GBP/CAD

The Bank of Canada (BoC) announced Wednesday that it left its key rate unchanged at 0.25% after its July policy meeting, as expected.





Our Analysis:

While the price is above 1.7158, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.7476
  • Take Profit 1: 1.7641
  • Take Profit 2: 1.7777

Alternative scenario:

If the level 1.7158 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.7158
  • Take profit 1: 1.6931
  • Take Profit 2: 1.6796

Fundamental Trading
Analysis of Apple 
Apple stock has risen about 48,660% over the past two decades and recently reached a new all-time high. Apple was once considered an outsider in the technology sector, but under Steve Jobs' leadership, it launched the iPod, iPhone, and iPad and became one of the most expensive technology companies in the world.

Our Analysis:

As long as the price is above 144.50, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 156.12
  • Take Profit 1: 160.00
  • Take Profit 2: 166.25

Alternative scenario:

If the level of 144.50 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 144.50
  • Take Profit 1: 137.00
  • Take Profit 2: 128.00

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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