Daily Trading Analysis 15.08.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD: Despite the CAD's strength this week, further weakness is likely - Rabobank. Our Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2995 Take Profit 1: 1.3050 Take Profit 2: 1.3100 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: 1.2735 Learn More Trading Analysis of AUD/USD The AUD/USD pair continues to fall from the technically significant 200-SMA and drifts down for the fifth consecutive day. The decline took the spot to a two-week low around 0.6875. Our Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6871 Take Profit 1: 0.7000 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 Tesla Tesla is set to hold a second stock split the day after tomorrow. Shareholders approved the 3-to-1 split at the company's annual meeting this month. Our Analysis: As long as the price is above the 780.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 889.39 Take Profit 1: 940.00 Take Profit 2: 1000.00 Alternative scenario: If the 780.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 780.00 Take Profit 1: 700.00 Take Profit 2: 650.00 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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