Daily Trading Analysis 19.09.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD remains on the front foot around 1.3285 during Monday’s early European morning, up for the third consecutive day near the 22-month high flashed the previous day. Our Analysis: While the price is above 1.3000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3259 Take Profit 1: 1.3300 Take Profit 2: 1.3400 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 pulls back from its intraday high towards 0.6700, around 0.6720 by the press time, as it reacts to the People’s Bank of China’s (PBOC) recent rate cut during Monday’s Asian session. Our Analysis: Provided that the currency pair is below 0.6850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6708 Take Profit 1: 0.6670 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 General Electric Relatively recently, General Electric seemed to be winning back the favor of investors. Our Analysis: As long as the price is above 90.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 66.18 Take Profit 1: 70.00 Take Profit 2: 74.00 Alternative scenario: If the level of 65.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 65.00 Take Profit 1: 63.00 Take Profit 2: 60.00 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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