Daily Trading Analysis 08.08.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD is in a bullish market zone so far. Our Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2945 Take Profit 1: 1.3000 Take Profit 2: 1.3050 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: 1.2785 Take Profit 2: 1.2735 Learn More Trading Analysis of AUD/USD AUD/USD remains under pressure near the 0.6950 area. Our Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6900 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 Alibaba Alibaba has taken steps that could revive the IPO of its Ant Group holding company. Our Analysis: As long as the price is below the level of 101.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 92.26 Take Profit 1: 88.00 Take Profit 2: 81.00 Alternative scenario: If the level of 101.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 101.00 Take Profit 1: 107.00 Take Profit 2: 115.00 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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