Daily Trading Analysis 16.05.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/ CAD pair is consolidating just above 1.3000, not far below the 18-month highs at 1.3050. Our Analysis: While the price is above 1.2715, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2925 Take Profit 1: 1.3000 Take Profit 2: 1.3100 Alternative scenario: If the level 1.2715 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2715 Take Profit 1: 1.2470 Take Profit 2: 1.2365 Learn More Trading Analysis of AUD/USD AUD/USD: A test of 0.6800 is on the horizon – UOB.. Our Analysis: Provided that the currency pair is below 0.7000, follow the recommendations Time frame: D1 Recommendation: short position Entry point: 0.6935 Take Profit 1: 0.6825 Take Profit 2: 0.6700 Alternative scenario: In case of break-out of the level 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7000 Take Profit 1: 0.7180 Take Profit 2: 0.7280 Learn More Fundamental Trading Analysis of Amazon Investors have been increasingly interested in Amazon over the past month after the e-commerce and cloud computing giant announced that it would make a 20-to-1 stock split on June 6. Our Analysis: As long as the price is above 2880.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3032.00 Take Profit 1: 3360.00 Take Profit 2: 3569.00 Alternative scenario: If the level of 2880.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2880.00 Take Profit 1: 2715.00 Take Profit 2: 2527.00 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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