Monday, June 13, 2022

Daily Trading Analysis 13.06.2022

Trading Analysis of USD/CAD
USD/CAD pair will continue to rise in the range of 1.2775/1.2875 - Scotiabank






Our Analysis:

While the price is below 1.2700, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2821
  • Take Profit 1: 1.2915
  • Take Profit 2: 1.3050

Alternative scenario:

If the level 1.2700 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2700
  • Take Profit 1: 1.2620
  • Take Profit 2: 1.2520
Trading Analysis of AUD/USD
AUD/USD risks sagging to 0.7030 - UOB.








Our Analysis:

Provided that the currency pair is above 0.7000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7022
  • Take Profit 1: 0.7170
  • 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
Fundamental Trading
Analysis of Amazon
The stock market has been very weak so far in 2022.







Our Analysis:

As long as the price is below 150.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 136.57
  • Take Profit 1: 132.00
  • Take Profit 2: 125.00

Alternative scenario:

If the level of 150.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 150.00
  • Take Profit 1: 156.00
  • Take Profit 2: 166.00
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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