Daily Trading Analysis 20.06.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair is flirting with the monthly peak, the bulls are waiting for a clean breakdown of the 1.3000 mark. Our Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2996 Take Profit 1: 1.3050 Take Profit 2: 1.3250 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2870 Take Profit 1: 1.2790 Take Profit 2: 1.2680 Learn More Trading Analysis of AUD/USD AUD/USD will return to 0.69 or even lower in the next few days - Westpac. Our Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6972 Take Profit 1: 0.6825 Take Profit 2: 0.6700 Alternative scenario: In case of a break-out of the level 0.7070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7070 Take Profit 1: 0.7170 Take Profit 2: 0.7280 Learn More Fundamental Trading Analysis of Ethereum Ethereum, the second-largest cryptocurrency by market capitalization, has now fallen nearly 70% in one year and more than 75% from its all-time high set last November. Our Analysis: As long as price is below the 1700.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1081.44 Take Profit 1: 950.00 Take Profit 2: 700.00 Alternative scenario: If the level of 1700.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1700.00 Take Profit 1: 2000.00 Take Profit 2: 2555.00 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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