Daily Trading Analysis 01.08.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD is recovering from the six-week low set on Friday amid new purchases of the U.S. dollar. Our Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2816 Take Profit 1: 1.2735 Take Profit 2: 1.2680 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2870 Take Profit 1: 1.3000 Take Profit 2: 1.3050 Learn More Trading Analysis of AUD/USD The AUD/USD is retreating sharply from the highest level since June 17 and falling below the psychological mark of 0.7000. The sharp intraday slump led prices to a new daily low near 0.6950. Our Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6977 Take Profit 1: 0.7060 Take Profit 2: 0.7165 Alternative scenario: In case of a break-down of the level 0.6850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6850 Take Profit 1: 0.6700 Take Profit 2: 0.6600 Learn More Fundamental Trading Analysis of Walmart Shares of Walmart dropped more than $13 a share, or about 10%, in over-the-counter trading Monday after the big retailer released a disappointing report for Q2 and full fiscal year 2023. Our Analysis: As long as the price is above the 125.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 132.10 Take Profit 1: 137.00 Take Profit 2: 146.00 Alternative scenario: If the level of 125.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 121.00 Take Profit 2: 117.00 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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