Daily Trading Analysis 04.10.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD Canada: GDP contracted in July but should rebound in August. Our Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2640 Take Profit 1: 1.2695 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 Trading Analysis of AUD/USD AUD/USD: 0.7000 barrier might be under threat. Our Analysis: Provided that the currency pair is traded below 0.7465, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7254 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 Fundamental Trading Analysis of Alphabet Alphabet, the parent company of Google, is one of the largest technology businesses in the world. If you had invested $1,000 in the company's IPO back then, your investment would be worth about $63,500 today.   Our Analysis: As long as the price is below 2792.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2723.00 Take Profit 1: 2570.00 Take Profit 2: 2492.00 Alternative scenario: If the level of 2792.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 2792.00 Take Profit 1: 2860.00 Take Profit 2: 2935.00 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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