Daily Trading Analysis 01.11.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD rushed to new daily tops early in the North American session as the bulls made a new attempt to overcome 1.2400. Our Analysis: While the price is below 1.2610, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2381 Take Profit 1: 1.2300 Take Profit 2: 1.2180 Alternative scenario: If the level 1.2610 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2610 Take Profit 1: 1.2770 Take Profit 2: 1.2895 Learn More Trading Analysis of AUD/USD The AUD/USD pair is failing to hold a bounce after confirming a bearish upward wedge. Our Analysis: Provided that the currency pair is traded above 0.7280, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7514 Take Profit 1: 0.7600 Take Profit 2: 0.7720 Alternative scenario: In case of break-down of the level 0.7280, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7280 Take Profit 1: 0.7165 Take Profit 2: 0.7100 Learn More Fundamental Trading Analysis of Microsoft Microsoft's stock price reached an all-time high after the tech behemoth published its first-quarter earnings report last Tuesday.  Our Analysis: As long as the price is above 316.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 332.25 Take Profit 1: 335.00 Take Profit 2: 345.00 Alternative scenario: If the level of 316.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 316.00 Take Profit 1: 306.00 Take Profit 2: 292.00 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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