Daily Trading Analysis 07.11.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The Canadian Dollar rallied on Friday as strong data and rising oil prices boosted the Loonie. \ Our Analysis: While the price is below 1.3750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3527 Take Profit 1: 1.3300 Take Profit 2: 1.3130 Alternative scenario: If the level 1.3750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3750 Take Profit 1: 1.3980 Take Profit 2: 1.4100 Learn More Trading Analysis of AUD/USD AUD/USD aims to test 0.6500 despite weaker China Trade Balance data. Our Analysis: Provided that the currency pair is above 0.6350, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6428 Take Profit 1: 0.6520 Take Profit 2: 0.6680 Alternative scenario: In case of a broken-down of the level 0.6350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6350 Take Profit 1: 0.6270 Take Profit 2: 0.6200 Learn More Fundamental Trading Analysis of AT&T AT&T stock climbed 18.8 percent in October, according to S&P Global Market Intelligence. Our Analysis: As long as price is above 17.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 18.23 Take Profit 1: 20.00 Take Profit 2: 21.50 Alternative scenario: If the 17.00 level is broken-down, follow the recommendations below:     Time frame: D1 Recommendation: short position Entry point: 17.00 Take Profit 1: 16.00 Take Profit 2: 14.50 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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