Daily Trading Analysis 27.12.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD is holding near 1.2820-25. Our Analysis: While the price is above 1.2625, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2814 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 Learn More Trading Analysis of AUD/USD The pressure on the Australian dollar increased because of the difficult COVID-19 situation in Australia. Earlier Prime Minister Scott Morrison said the country could not have new lockdowns, but on Friday the local state authorities went for a partial tightening of the quarantine measures. Our Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7232 Take Profit 1: 0.7350 Take Profit 2: 0.7450 Alternative scenario: In case of break-down of the level 0.7315, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7080 Take Profit 1: 0.6990 Take Profit 2: 0.6910 Learn More Fundamental Trading Analysis of Amazon Amazon stock hasn't changed much this year compared to the S&P 500's 20 percent rise. Thus, it is clear that the retailer's stock has not performed well in 2021.  Our Analysis: As long as the price is below 3553.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3421.37 Take Profit 1: 3229.00 Take Profit 2: 3144.00 Alternative scenario: If the level of 3553.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 3553.00 Take Profit 1: 3701.00 Take Profit 2: 3787.00 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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