Daily Trading Analysis 13.02.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD The Canadian Dollar was the third best-performing currency in G10 in January. Economists at ING expect the USD/CAD pair to dip below 1.30 in the second quarter. Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3341 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 The Australian Dollar has been a solid performer in recent months and is up 11% from its October 2022 low. Economists at Wells Fargo believe this positive trend can continue and forecast AUD/USD at 0.7800 by mid-2024. Our Analysis: Provided that the currency pair is above 0.6860, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6911 Take Profit 1: 0.7200 Take Profit 2: 0.7150 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 Apple Apple has long been the company that Wall Street likes to loathe. Our Analysis: As long as the price is above 141.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 150.40 Take Profit 1: 155.00 Take Profit 2: 163.00 Alternative scenario: If the level of 141.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 141.00 Take Profit 1: 137.00 Take Profit 2: 134.00 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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