Daily Trading Analysis 10.01.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD Canada: Ivey PMI fell to 45.0 in December from 61.2 in November. Our Analysis: While the price is below 1.2840, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2637 Take Profit 1: 1.2485 Take Profit 2: 1.2360 Alternative scenario: If the level 1.2625 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2840 Take Profit 1: 1.2960 Take Profit 2: 1.3100 Learn More Trading Analysis of AUD/USD AUD/USD risks additional losses in the near term - UOB. Our Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7174 Take Profit 1: 0.7280 Take Profit 2: 0.7350 Alternative scenario: In case of break-down of the level 0.7080, 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 Disney The Walt Disney Company has been completely crushed by the coronavirus pandemic. The House of Mickey was reluctant to close the doors to several profitable operations, including the theme parks. Our Analysis: As long as the price is above 151.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.75 Take Profit 1: 166.50 Take Profit 2: 170.10 Alternative scenario: If the level of 151.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.60 Take Profit 1: 145.70 Take Profit 2: 142.20 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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