Daily Trading Analysis 29.11.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD rises, approaching 1.2800 amid risk aversion. Our Analysis: While the price is above 1.2570, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2757 Take Profit 1: 1.2900 Take Profit 2: 1.3030 Alternative scenario: If the level 1.2570 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2570 Take Profit 1: 1.2460 Take Profit 2: 1.2360 Learn More Trading Analysis of AUD/USD AUD/USD: a move to 0.6758 is easily achievable with a breakdown below 0.7106 - Credit Suisse. Our Analysis: Provided that the currency pair is traded below 0.7315, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7122 Take Profit 1: 0.7100 Take Profit 2: 0.7010 Alternative scenario: IIn case of break-out of the level 0.7315, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7315 Take Profit 1: 0.7430 Take Profit 2: 0.7555 Learn More Fundamental Trading Analysis of Tesla The auto industry is clearly transitioning to electricity, and every major automaker is actively promoting electric vehicles (EV).  Our Analysis: as the price is above 1002200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1078.00 Take Profit 1: 1282.00 Take Profit 2: 1355.00 Alternative scenario: IIf the level of 1002.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1002.00 Take Profit 1: 885.00 Take Profit 2: 816.00 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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