Daily Trading Analysis 14.03.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair fell to six-day lows after the Canadian jobs report. Our Analysis: While the price is above 1.2575 , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2782 Take Profit 1: 1.2850 Take Profit 2: 1.2965 Alternative scenario: If the level 1.2575 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2575 Take Profit 1: 1.2450 Take Profit 2: 1.2365 Learn More Trading Analysis of AUD/USD AUD/USD remains in the consolidation phase - UOB. Our Analysis: Provided that the currency pair is above 0.7160, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7236 Take Profit 1: 0.7375 Take Profit 2: 0.7550 Alternative scenario: In case of break-down of the level 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7160 Take Profit 1: 0.7050 Take Profit 2: 0.6980 Learn More Fundamental Trading Analysis of JPMorgan With the U.S. Federal Reserve set to increase its benchmark overnight lending rate (the federal funds rate) for the first time since the beginning of the coronavirus pandemic at its forthcoming meeting, most banks are forecasted to profit.  Our Analysis: As long as the price is below the level of 140.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.84 Take Profit 1: 125.00 Take Profit 2: 120.00 Alternative scenario: If the level of 140.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.00  Take Profit 1: 150.00 Take Profit 2: 160.00 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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