Daily Trading Analysis 28.11.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD renews intraday high around 1.3440 during the second daily run-up amid early Monday. In doing so, the Loonie pair buyers attack a convergence of the 21-Day Moving Average (DMA) and a downward-sloping from November 10, around 1.3440 by the press time. Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3435 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 AUD/USD bears jostle with short-term key support surrounding 0.6690 as bears try to retake control during early Monday morning in Europe. In doing so, the Aussie pair justifies the market’s risk-off mood as it prepares for the biggest daily fall in a week.  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: 0.6750 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 Hewlett-Packard PC manufacturing is not a highly profitable business. Our Analysis: As long as the price is above 28.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 30.03 Take Profit 1: 32.00 Take Profit 2: 35.00 Alternative scenario: If the level of 28.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 28.00 Take Profit 1: 26.00 Take Profit 2: 24.00 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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