Daily Trading Analysis 18.07.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD is holding near an intraday low, declining for a second straight day as the U.S. dollar shows weakness and WTI prices recover from the day's lows. Our Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2980 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 On Monday, the AUD/USD pair gained positive momentum for the second day in a row and continues to recover from more than two-year lows near 0.6680 reached last week. Our Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6809 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 Ethereum The price of Ether, the cryptocurrency of the Ethereum blockchain service, hit an all-time high of more than $4,800 last November. Our Analysis: As long as the price is above the 1250.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1450.56 Take Profit 1: 1660.00 Take Profit 2: 2025.00 Alternative scenario: If the level of 1250.00 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 1250.00 Take Profit 1: 1015.00 Take Profit 2: 750.00 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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