Monday, February 21, 2022

Daily Trading Analysis 21.02.2022

Trading Analysis of USD/CAD
USD/CAD: Canadian and U.S. inflation is accelerating.







Our Analysis:

While the price is above 1.2575 , follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2723
  • Take Profit 1: 1.2850
  • Take Profit 2: 1.2965

Alternative scenario:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2575
  • Take Profit 1: 1.2450
  • Take Profit 2: 1.2365
Trading Analysis of AUD/USD
AUD/USD: further growth is possible - UOB.








Our Analysis:

Provided that the currency pair is above 0.7000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7219
  • Take Profit 1: 0.7280
  • Take Profit 2: 0.7370

Alternative scenario:

In case of break-down of the level 0.7000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7000
  • Take Profit 1: 0.6900
  • Take Profit 2: 0.6820
Fundamental Trading
Analysis of Amazon
Amazon's 2021 results showed that the company is ready for a strong post-recession upswing, despite the lack of share price movement.




Our Analysis:

As long as the price is above 2801.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 3042.00
  • Take Profit 1: 3452.00
  • Take Profit 2: 2623.00

Alternative scenario:

If the level of 2801.00 is broken-down, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2801.00
  • Take Profit 1: 2520.00
  • Take Profit 2: 2357.00
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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