Daily Trading Analysis 27.09.2021

Technical & Fundamental analysis

Trading Analysis of AUD/USD Factors pressuring the Aussie are the deteriorating market sentiment because of the threat to China's financial stability because of the Evergrande situation and declining gold prices. Our Analysis: Provided that the currency pair is traded below 0.7465, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7257 Take Profit 1: 0.7100 Take Profit 2: 0.7000 Alternative scenario: In case of break-out of the level 0.7465, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7465 Take Profit 1: 0.7600 Take Profit 2: 0.7760 Learn More Trading Analysis of USD/CAD USD/CAD: The balance of risks is tilting to the upside - Danske Bank. Our Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2645 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 Alibaba Investors often admire the advantages of Chinese companies operating in the world's most populous country and second wealthiest economy. Alibaba dominates China, claiming 15% of the world's population as customers. But China's political risks can affect companies, making Alibaba a minefield for investors to navigate. Our Analysis: As long as the price is below 156.90, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.85 Take Profit 1: 131.40 Take Profit 2: 124.90 Alternative scenario: If the level of 156.90 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 156.90 Take Profit 1: 168.10 Take Profit 2: 174.90 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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