Daily Trading Analysis 17.10.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD struggles below 1.3900 as crude oil pares weekly losses, Canada inflation eyed. Our Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3880 Take Profit 1: 1.3980 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 The AUD/USD pair has bounced marginally after building a base around the critical support of 0.6200 in the early Tokyo session. The asset has picked bids after a north-side break of a compact rangebound structure in a 0.6195-0.6210 range as the risk appetite theme has fetched the spotlight. Our Analysis: Provided that the currency pair is below 0.6520, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6196 Take Profit 1: 0.6100 Take Profit 2: 0.6000 Alternative scenario: In case of a broken-out of the level 0.6520, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6520 Take Profit 1: 0.6680 Take Profit 2: 0.6900 Learn More Fundamental Trading Analysis of Apple During 2022, investors are trying to avoid technology stocks as rising inflation has driven down consumer spending. This has called into question the financial prospects of some of the world's most expensive companies. Our Analysis: As long as price is above 134.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.84 Take Profit 1: 147.00 Take Profit 2: 157.00 Alternative scenario: If the 134.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 134.00 Take Profit 1: 129.00 Take Profit 2: 123.00 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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