Daily Trading Analysis 23.01.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD licks its wounds during a sluggish Monday morning as the pre-Fed blackout joins the Lunar New Year holidays in China. Even so, the bears remain hopeful as the quote extends the previous day’s pullback from the key moving averages.  Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3357 Take Profit 1: 1.3300 Take Profit 2: 1.3225 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: 1.3570 Take Profit 2: 1.3650 Learn More Trading Analysis of AUD/USD AUD/USD seesaws around 0.6980-85 as it defends the week-start gains amid a sluggish Monday morning in Europe. In doing so, the Aussie pair remains mildly bid amid week-long holidays in China and the US Federal Reserve (Fed) policymakers’ stipulated off from the public appearances ahead of early February’s Federal Open Market Committee (FOMC) meeting.  Our Analysis: Provided that the currency pair is above 0.6860, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6983 Take Profit 1: 0.7060 Take Profit 2: 0.7200 Alternative scenario: In case the level 0.6860 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6860 Take Profit 1: 0.6715 Take Profit 2: 0.6630 Learn More Fundamental Trading Analysis of AT&T The dot-com crisis was like a famous game of musical chairs, leaving many technology businesses without a seat. Our Analysis: As long as the price is above 18.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 19.14 Take Profit 1: 19.50 Take Profit 2: 21.00 Alternative scenario: If the level of 18.00 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 18.00 Take Profit 1: 17.30 Take Profit 2: 16.40 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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