Monday, December 20, 2021

Daily Trading Analysis 20.12.2021

Trading Analysis of USD/CAD
USD/CAD: the bulls are targeting 1.3000.








Our Analysis:

While the price is above 1.2625, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2887
  • Take Profit 1: 1.3030
  • Take Profit 2: 1.3190

Alternative scenario:

If the level 1.2625 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2625
  • Take Profit 1: 1.2485
  • Take Profit 2: 1.2360
Trading Analysis of AUD/USD
AUD/USD: Australian dollar downside risks in the short term have declined - MUFG.






Our Analysis:

Provided that the currency pair is traded below 0.7315, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7128
  • Take Profit 1: 0.7010
  • Take Profit 2: 0.6910

Alternative scenario:

In 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
Fundamental Trading
Analysis of Apple
Investors who prefer technology and growth stocks are probably aware of the sell-off that has affected small and mid-sized stocks in the face of inflation.



Our Analysis:

As long as the price is above the level of 163.20, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 170.50
  • Take Profit 1: 183.50
  • Take Profit 2: 188.60

Alternative scenario:

If the level of 163.20 is broken-down, follow the recommendations below:        
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 163.20
  • Take Profit 1: 154.90
  • Take Profit 2: 150.00
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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