Daily Trading Analysis 17.01.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD Loonie rose against the dollar, which caused the USD/CAD to fall below 200 DM. Our Analysis: While the price is below 1.2625, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2544 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: 1.2625 Take Profit 1: 1.2810 Take Profit 2: 1.3030 Learn More Trading Analysis of AUD/USD AUD/USD will trade in the range of 0.7140-0.7285 in the coming weeks, according to currency strategists of UOB Group. Our Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7202 Take Profit 1: 0.7350 Take Profit 2: 0.7450 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 Bank of America Under Brian Moynihan's leadership, there has been a simply astounding transformation of Bank of America's business after the deep financial crisis. Our Analysis: As long as the price is above the level of 45.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 47.86 Take Profit 1: 50.70 Take Profit 2: 51.90 Alternative scenario: If the level of 45.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 45.60 Take Profit 1: 43.60 Take Profit 2: 42.30 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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