Daily Trading Analysis 23.05.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD is recovering from two-week lows below 1.2800. Our Analysis: While the price is above 1.2715, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2787 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: additional growth above 0.7135 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: 0.7118 Take Profit 1: 0.7180 Take Profit 2: 0.7280 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: 0.6825 Take Profit 2: 0.6700 Learn More Fundamental Trading Analysis of Walmart It's been a tough week for Walmart. On Tuesday, the retail giant's stock fell 11.4%, its biggest single-day decline since 1987. And on Wednesday, the stock fell another nearly 7 percent, falling along with the market as a whole. Our Analysis: As long as the price is below 128.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 118.94 Take Profit 1: 115.00 Take Profit 2: 109.00 Alternative scenario: If the level of 128.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 128.00 Take Profit 1: 137.00 Take Profit 2: 145.00 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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