Daily Trading Analysis 11.07.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD is ready to break out above the key resistance level of 1.3080 - TDS. Our Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2995 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: A breakout above 0.6885 could clear the way to 0.6920/60 - OCBC. Our Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6807 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 HP Shares of electronic company HP -- not to be confused with cloud company HP Enterprises -- appeared in Warren Buffett's stock portfolio this spring.  Our Analysis: As long as the price is below 33.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 31.94 Take Profit 1: 30.50 Take Profit 2: 29.50  Alternative scenario: If the level of 33.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 33.50  Take Profit 1: 34.50 Take Profit 2: 35.50 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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