Daily Trading Analysis 25.07.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD Data released in Canada on Friday showed that retail sales rose 2.2% in May, beating expectations of a 1.6% increase. Our Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2909 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 The AUD/USD pair reversed its intraday drop to below 0.6900 and again approached the nearly four-week high reached earlier on Friday. The pair last traded around 0.6920 in the first half of the European session. Our Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 0.6918 Take Profit 1: 0.6700 Take Profit 2: 0.6600 Alternative scenario: In case of a break-out of the level 0.6975, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6975 Take Profit 1: 0.7060 Take Profit 2: 0.7165 Learn More Fundamental Trading Analysis of Intel Intel is one of the largest chip makers in the world and one of the leaders in the semiconductor industry. Our Analysis: As long as the price is above the 39.00 level, follow the recommendations below: Time frame: D1 Recommendation:long position Entry point:39.10 Take Profit 1: 42.50 Take Profit 2: 50.00 Alternative scenario: If the level of 39.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 39.00 Take Profit 1: 37.00 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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