Daily Trading Analysis 21.11.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USDCAD pair builds on last week's bounce from the 100-day SMA support and gains some follow-through traction on Monday. Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3382 Take Profit 1: 1.3300 Take Profit 2: 1.3160 Alternative scenario: If the level 1.3500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3500 Take Profit 1: 1.3600 Take Profit 2: 1.3750 Learn More Trading Analysis of AUD/USD The AUDUSD pair has dropped to near 0.6640 in the Asian session as a sheer decline in risk appetite has impacted risk-perceived assets. Our Analysis: Provided that the currency pair is above 0.6520, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6671 Take Profit 1: 0.6750 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: 0.6380 Take Profit 2: 0.6200 Learn More Fundamental Trading Analysis of Apple Even though Apple is down more than 16.88% for the year (as of Nov. 21), it is the most expensive public company in the world, with a market value of more than $2.4 trillion. Our Analysis: As long as price is above 142.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 150.58 Take Profit 1: 155.00 Take Profit 2: 163.00 Alternative scenario: If the level of 142.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 142.00 Take Profit 1: 134.00 Take Profit 2: 129.00 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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