Monday, September 13, 2021

Daily Trading Analysis 13.09.2021

Trading Analysis of AUD/USD
AUD/USD: will continue to consolidate - UOB.








Our Analysis:

Provided that the currency pair is traded above 0.7220, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7348
  • Take Profit 1: 0.7430
  • 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

Trading Analysis of USD/CAD

The USD/CAD continues to drop below 1.2600 after the release of the Canadian jobs report.






Our Analysis:

While the price is above 1.2420, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2691
  • Take Profit 1: 1.2810
  • Take Profit 2: 1.2950

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 Pfizer 
As you know, Pfizer's biggest product at the moment is the coronavirus vaccine, Comirnati. The company and its partner BioNTech expect it to bring in more than $33 billion this year.


Our Analysis:

As long as the price is above the level of 44.50, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 46.75
  • Take Profit 1: 50.60
  • Take Profit 2: 52.10

Alternative scenario:

If the level of 44.50 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 44.50
  • Take Profit 1: 42.00
  • Take Profit 2: 40.50

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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