Daily Trading Analysis 10.10.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD aims to cross 1.3750 as DXY refreshed day’s high, US Inflation buzz. Our Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3730 Take Profit 1: 1.3900 Take Profit 2: 1.4100 Alternative scenario: If the level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit 1: 1.3500 Take Profit 2: 1.3300 Learn More Trading Analysis of AUD/USD AUD/USD to extend its decline towards 0.6041 – Credit Suisse. Our Analysis: Provided that the currency pair is below 0.6700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6361 Take Profit 1: 0.6300 Take Profit 2: 0.6200 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 Home Depot Investors have been shunning certain retail stocks lately. Our Analysis: As long as price is above 275.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 284.17 Take Profit 1: 293.00 Take Profit 2: 303.00 Alternative scenario: If the 275.00 level is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 275.00 Take Profit 1: 265.00 Take Profit 2: 260.00 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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