Daily Trading Analysis 04.04.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD Analysts at MUFG Bank note that a higher crude oil price should help strengthen the Canadian dollar. They expect the USD/CAD pair to trade at 1.2200 by the end of the third quarter and at 1.2000 by the fourth quarter. Our Analysis: While the price is below 1.2650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2502 Take Profit 1: 1.2365 Take Profit 2: 1.2290 Alternative scenario: If the level 1.2650 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2650 Take Profit 1: 1.2785 Take Profit 2: 1.2850 Learn More Trading Analysis of AUD/USD AUD/USD will rise to 0.76 in the coming months - Rabobank.  Our Analysis: Provided that the currency pair is above 0.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7513 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 AT&T AT&T has spent lots of time and money to turn itself into a media giant. Our Analysis: As long as the price is below the 25.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 23.86 Take Profit 1: 22.00 Take Profit 2: 21.00 Alternative scenario: If the level of 25.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 25.00 Take Profit 1: 27.00 Take Profit 2: 28.00 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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