Daily Trading Analysis 24.01.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair will retest the October low just below 1.23 - Scotiabank Our Analysis: While the price is below 1.2625, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2562 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 Further declines may cause the AUD/USD pair to break the 0.7140 level in the coming weeks, currency strategists at UOB Group suggested Our Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7166 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 Tesla The performance of Tesla stock over the past decade has been exceptional. In the last ten years alone, the stock has risen nearly 23,000%, making it one of the most dynamic companies on the market during that period.  Our Analysis: As long as price is below 1002.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 943.00 Take Profit 1: 885.00 Take Profit 2: 816.00 Alternative scenario: If the level of 1002.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1002.00 Take Profit 1: 1050.00 Take Profit 2: 1175.00 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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