Daily Trading Analysis 05.09.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD remains pressured around the lowest levels in a fortnight amid the sluggish European morning on Monday. That said, the Loonie pair seesaws near 1.3030 during the four-day downtrend amid the bearish bias of the options market traders. Our Analysis: While the price is above 1.3000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3022 Take Profit 1: 1.3200 Take Profit 2: 1.3300 Alternative scenario: If the level 1.3000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3000 Take Profit 1: 1.2900 Take Profit 2: 1.2800 Learn More Trading Analysis of AUD/USD AUD/USD consolidates the biggest daily gains in a month as it refreshes intraday low around 0.6825-30 during Monday’s Asian session. In doing so, the Aussie pair takes a U-turn from the downward sloping resistance line from August 15 as well as the 100-SMA. Our Analysis: Provided that the currency pair is below 0.6850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6845 Take Profit 1: 0.6700 Take Profit 2: 0.6600 Alternative scenario: In case of a broken-out of the level 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6850 Take Profit 1: 0.7000 Take Profit 2: 0.7070 Learn More Fundamental Trading Analysis of Disney Most families in the U.S. can be described as Disney families, but lately many have been questioning their commitment to the House of Mickey.  Our Analysis: As long as price is above 111.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 114.76 Take Profit 1: 118.00 Take Profit 2: 125.00 Alternative scenario: If the level of 111.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 111.00 Take Profit 1: 108.00 Take Profit 2: 104.00 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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