Daily Trading Analysis 20.09.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD AUD/USD collapsed to 3-week lows below 0.7300. Our Analysis: Provided that the currency pair is traded above 0.7220, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7262 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 Learn More Trading Analysis of USD/CAD The USD/CAD pair breached the 1.27 mark and headed for a weekly high of 1.2708. Our Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2761 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 Learn More Fundamental Trading Analysis of Cisco  Cisco Systems is often considered a mature technology stock, and many of its shareholders are looking for stability and earnings rather than growth. In contrast to that trend, the network technology leader's stock price has risen more than 40 percent in the past 12 months and has exceeded both the S&P 500 and the Nasdaq Composite. Our Analysis: As long as the price is below 58.60, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 56.50 Take Profit 1: 54.80 Take Profit 2: 53.90 Alternative scenario: If the level of 58.60 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 58.60 Take profit 1: 60.10 Take Profit 2: 61.00 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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