Daily Trading Analysis 20.02.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD bulls take a breather around 1.3480, following the run-up to refresh the monthly high, as the upside momentum failed to cross the key resistance confluence the previous day. Our Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3471 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 AUD/USD pair has refreshed its day’s high above 0.6880 in the Asian session as the People’s Bank of China (PBoC) has kept the Loan Prime Rate (LPR) unchanged. The one-year LPR has kept stable at 3.65%, and the five-year LPR is unchanged at 4.30%.  Our Analysis: Provided that the currency pair is above 0.6860, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6875 Take Profit 1: 0.7000 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 Walmart While many investors think of blockchain technology only in terms of cryptocurrencies, a growing number of S&P 500 companies are using it to optimize their business, deepen their competitive advantage and unlock new market opportunities.  Our Analysis: As long as the price is above 139.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 145.91 Take Profit 1: 150.00 Take Profit 2: 154.50 Alternative scenario: If the level of 139.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 139.00 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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