Daily Trading Analysis 03.01.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD reached new weekly lows at 1.2700. Our Analysis: While the price is above 1.2625, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2680 Take Profit 1: 1.2810 Take Profit 2: 1.3030 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 According to UOB Group currency strategists, upward momentum on the AUD/USD pair could push it above 0.7300 in the coming weeks. Our Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7251 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 Apple Over the past few weeks, the market has seen a significant sell-off in many growth stocks.   Our Analysis: As long as the price is above the 170.30 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 177.70 Take Profit 1: 189.60 Take Profit 2: 195.00 Alternative scenario: If the level of 170.30 is broken-down, follow the recommendations below:         Time frame: D1 Recommendation: short position Entry point: 170.30 Take Profit 1: 161.70 Take Profit 2: 156.50 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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