Daily Trading Analysis 26.12.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair comes under some renewed selling pressure on the last day of the week and continues losing ground through the first half of the European session. The pair drops to the 1.3600 mark, or a fresh daily low in the last hour, and is pressured by a combination of factors. Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3594 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 The AUD/USD pair attracts fresh buying near the 100-day SMA on Friday and stalls the previous day's retracement slide from a one-week high. The pair sticks to its intraday gains through the early European session and is currently placed near the daily high, just below the 0.6700 mark. Our Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6711 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 Tesla Tesla has burst into the auto industry and single-handedly brought electric cars to the forefront. Our Analysis: As long as the price is below 165.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 122.44 Take Profit 1: 110.00 Take Profit 2: 90.00 Alternative scenario: If the level of 165.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.00 Take Profit 1: 180.00 Take Profit 2: 196.00 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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