Daily Trading Analysis 21.03.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD pair will move down in the coming weeks - Scotiabank. Our Analysis: While the price is above 1.2575 , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2613 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 The next RBA meeting will take place early next month. If the global stock and commodity markets do not have another collapse, the AUD/USD pair is likely to remain trading in the bull market zone, above the key support levels of 0.7315, 0.7295. Our Analysis: Provided that the currency pair is above 0.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7396 Take Profit 1: 0.7550 Take Profit 2: 0.7650 Alternative scenario: In case of break-down of the level 0.7300, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7300 Take Profit 1: 0.7050 Take Profit 2: 0.6980 Learn More Fundamental Trading Analysis of Pfizer The club of companies with a market value of more than $1 trillion, which includes technology heavyweights such as Apple and Alphabet, is very exclusive. Our Analysis: As long as the price is above 51.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 54.66 Take Profit 1: 57.40 Take Profit 2: 61.60 Alternative scenario: If the level of 51.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 51.000 Take Profit 1: 46.00 Take Profit 2: 43.50 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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