Daily Trading Analysis 30.05.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD: Renews monthly low, further decline is capped at 1.2680. Our Analysis: While the price is below 1.2885, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2695 Take Profit 1: 1.2630 Take Profit 2: 1.2470 Alternative scenario: If the level 1.2885 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2885 Take Profit 1: 1.3000 Take Profit 2: 1.3100 Learn More Trading Analysis of AUD/USD AUD/USD: The Australian dollar may decline only moderately - Wells Fargo. Our Analysis: Provided that the currency pair is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7186 Take Profit 1: 0.7280 Take Profit 2: 0.7445 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 Chevron Chevron stock has rallied sharply this year. Our Analysis: As long as the price is above the level of 163.45, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 178.09 Take Profit 1: 183.50 Take Profit 2: 190.00 Alternative scenario: If the level of 163.45 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 163.45 Take Profit 1: 154.50 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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