Monday, June 27, 2022

Daily Trading Analysis 27.06.2022

Trading Analysis of USD/CAD
USD/CAD reached a weekly low below 1.2900








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
Trading Analysis of AUD/USD
The AUD/USD made a two-day high above 0.6950 due to dollar weakness.






Our Analysis:

Provided that the currency pair is below 0.7070, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6924
  • 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
Fundamental Trading
Analysis of Tesla
The electric vehicle (EV) market is struggling, as investors have shifted their focus away from growth stocks and are looking for safer places to put their money.



Our Analysis:

As long as the price is above the 705.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 735.44
  • Take Profit 1: 795.00
  • Take Profit 2: 890.00

Alternative scenario:

If the level of 705.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 705.00
  • Take Profit 1: 630.00
  • Take Profit 2: 575.00
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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