Daily Trading Analysis 27.02.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair attracts some buying following an intraday dip to sub-1.3600 levels on Monday and hits a fresh daily high during the early European session. The pair is currently placed around the 1.3625 region, though remains below its highest level since January 6 touched on Friday. Our Analysis: While the price is below 1.3680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3619 Take Profit 1: 1.3500 Take Profit 2: 1.3300 Alternative scenario: If the level 1.3680 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3680 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Learn More Trading Analysis of AUD/USD The AUD/USD pair has refreshed its seven-week low near the round-level support of 0.6700. More downside in the Aussie asset looks favored as investors are channelizing their funds into the US Dollar Index (DXY).  Our Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6698 Take Profit 1: 0.6650 Take Profit 2: 0.6550 Alternative scenario: In case the level 0.6800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6800 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Learn More Fundamental Trading Analysis of Coca-Cola The Coca-Cola Company recently gave investors some new reasons to be optimistic about its fiscal year 2023. The company ended 2022 with a strong performance, with sales accelerating and profitability remaining flat. Our Analysis: As long as the price is above 59.00, follow the recommendations below: Time frame: D1 Recommendation:long position Entry point: 59.74 Take Profit 1: 61.00 Take Profit 2: 63.00 Alternative scenario: If the level of 59.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 59.00 Take Profit 1: 58.00 Take Profit 2: 57.00 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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