Daily Trading Analysis 26.09.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD oscillates around 1.3600, upside remains favored as oil tumbles below $80.00. Our Analysis: While the price is above 1.3200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3585 Take Profit 1: 1.3700 Take Profit 2: 1.3800 Alternative scenario: If the level 1.3200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3200 Take Profit 1: 1.2960 Take Profit 2: 1.2800 Learn More Trading Analysis of AUD/USD AUD plunged to 0.6512 last Friday before extending its decline during early Asian. The impulsive decline is likely to extend. That said, the next support at 0.6400 is likely out of reach for now (there is another support at 0.6460). Resistance is at 0.6530 followed by 0.6570. Our Analysis: Provided that the currency pair is below 0.6700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6528 Take Profit 1: 0.6450 Take Profit 2: 0.6300 Alternative scenario: In case of a broken-out of the level 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6700 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Learn More Fundamental Trading Analysis of Microsoft Microsoft and Apple have become fast-growing companies again under the leadership of visionary CEOs. Our Analysis: As long as price is below 249.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 237.87 Take Profit 1: 230.00 Take Profit 2: 225.00 Alternative scenario: If the level of 249.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 249.00 Take Profit 1: 260.00 Take Profit 2: 266.00 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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