Daily Trading Analysis 14.11.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD BoC’s Tiff Macklem says unemployment needs to rise in order to slow inflation. Our Analysis: While the price is below 1.3420, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3262 Take Profit 1: 1.3200 Take Profit 2: 1.3000 Alternative scenario: If the level 1.3420 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3420 Take Profit 1: 1.3570 Take Profit 2: 1.3660 Learn More Trading Analysis of AUD/USD In the opinion of UOB Group analysts, AUD/USD could extend the advance to the 0.6775 level in the short term. Our Analysis: Provided that the currency pair is above 0.6520, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6684 Take Profit 1: 0.6760 Take Profit 2: 0.6900 Alternative scenario: In case of a broken-down of the level 0.6520, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6520 Take Profit 1: 0.6100 Take Profit 2: 0.6000 Learn More Fundamental Trading Analysis of Amazon Amazon has been one of the best investments in the marketplace ever, providing returns in the hundreds of thousands over its two-and-a-half decades as a public company. Our Analysis: As long as the price is below 110.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 100.69 Take Profit 1: 90.00 Take Profit 2: 80.00 Alternative scenario: If the level of 110.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 110.00 Take Profit 1: 120.00 Take Profit 2: 130.00 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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