Daily Trading Analysis 15.08.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD: declining oil risks and a more cautious stance by the Bank of Canada should put pressure on the Loonie - MUFG. Our Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2775 Take Profit 1: 1.2735 Take Profit 2: 1.2670 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: 1.2940 Take Profit 2: 1.3000 Learn More Trading Analysis of AUD/USD AUD/USD is down from a two-month peak amid moderate dollar strength. Our Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7117 Take Profit 1: 0.7165 Take Profit 2: 0.7280 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 Alphabet The market is increasingly worried about a weakening economy and the possibility of a recession. This is becoming a major topic of conversation among executives at almost every earnings meeting this quarter. Our Analysis: As long as the price is above the 119.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 122.03 Take Profit 1: 125.00 Take Profit 2: 129.00 Alternative scenario: If the level of 125.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 119.00 Take Profit 1: 116.00 Take Profit 2: 114.00 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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