Daily Trading Analysis 12.12.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD consolidates daily gains around 1.3650 heading into Monday’s European session as the Loonie pair traders turn cautious ahead of a speech from Bank of Canada (BOC) Governor Tiff Macklem. Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3651 Take Profit 1: 1.3750 Take Profit 2: 1.3850 Alternative scenario: If the level 1.3500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3500 Take Profit 1: 1.3385 Take Profit 2: 1.3300 Learn More Trading Analysis of AUD/USD AUD/USD retreats to 0.6775 as it defies the three-day winning streak heading into Monday’s European session. In doing so, the Aussie pair retreats toward the 200-Hour Moving Average (HMA) amid the bearish MACD signals. Our Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6769 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Alternative scenario: In case of a broken-down of the level 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6600 Take Profit 1: 0.6500 Take Profit 2: 0.6380 Learn More Fundamental Trading Analysis of Apple With a market value of $2.26 trillion, Apple is the most expensive company in the world. Our Analysis: As long as the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.64 Take Profit 1: 148.00 Take Profit 2: 153.00 Alternative scenario: If the level of 140.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.00 Take Profit 1: 136.00 Take Profit 2: 132.00 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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