Daily Trading Analysis 06.06.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair is down to six-week lows below 1.2600. Our Analysis: While the price is below 1.2700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2574 Take Profit 1: 1.2520 Take Profit 2: 1.2400 Alternative scenario: If the level 1.2700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2700 Take Profit 1: 1.2850 Take Profit 2: 1.2915 Learn More Trading Analysis of AUD/USD NFP employment growth of 390k marked another decent result in the US labor market in May. Will this data change the policy outlook? Probably not, so TD Securities economists don't expect it to be a game changer in currency markets. Our Analysis: Provided that the currency pair is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7204 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 Amazon Investors get excited about stock splits. This is understandable, of course: getting more stock in your favorite company can make even the most nonchalant of us happy. Our Analysis: As long as the price is above 2325.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2445.44 Take Profit 1: 2625.00 Take Profit 2: 2920.00 Alternative scenario: If the level of 2325.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2325.00 Take Profit 1: 2045.00 Take Profit 2: 1910.00 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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