Daily Trading Analysis 04.07.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD U.S.: June ISM manufacturing index is consistent with a slower pace of activity - Wells Fargo. Our Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2881 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: unlikely to soar to 0.70 even in case of a hawkish surprise from the RBA - ING. Our Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6827 Take Profit 1: 0.6700 Take Profit 2: 0.6600 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: 0.7165 Take Profit 2: 0.7270 Learn More Fundamental Trading Analysis of Amazon Down 29% over the year, the Nasdaq Composite Index is in a bear market, so now is potentially a good time to bet on quality companies trading at a low price. Our Analysis: As long as the price is above the 106.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 109.71 Take Profit 1: 114.00 Take Profit 2: 117.00 Alternative scenario: If the level of 106.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 106.00 Take Profit 1: 101.50 Take Profit 2: 97.00 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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