Daily Trading Analysis 27.03.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD The USD/CAD pair has printed a fresh day low at 1.3725 in the Asian session. The downside move in the Loonie asset is backed by a subdued performance from DXY and rising hopes for a resumption of a policy-tightening spell by the Bank of Canada (BoC) after the release of robust Canadian Retail Sales data. Our Analysis: While the price is above 1.3640, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3730 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative scenario: If the level 1.3640 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3640 Take Profit 1: 1.3550 Take Profit 2: 1.3470 Learn More Trading Analysis of AUD/USD AUD/USD has faced immense pressure after a gradual recovery to near 0.6660 in the early European session. The Aussie asset has sensed meaningful offers amid a recovery move by 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: 0.6652 Take Profit 1: 0.6550 Take Profit 2: 0.6400 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 Apple Like most companies, Apple's stock has been in constant ups and downs recently.  Our Analysis: As long as the price is above 155.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.77 Take Profit 1: 164.00 Take Profit 2: 170.00 Alternative scenario: If the level of 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.00 Take Profit 1: 147.00 Take Profit 2: 142.00 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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