Monday, April 17, 2023

Daily Trading Analysis 17.04.2023

Trading Analysis of USD/CAD

USD/CAD: All eyes on the US Dollar as price corrects in bear trend.








Our Analysis:


While the price is below 1.3525, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3346
  • Take Profit 1: 1.3300
  • Take Profit 2: 1.3200


Alternative scenario:


If the level 1.3525 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.3525
  • Take Profit 1: 1.3700
  • Take Profit 2: 1.3800
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Trading Analysis of AUD/USD

AUD/USD: Bears testing 0.6700 that guards 0.6650.










Our Analysis:


Provided that the currency pair is below 0.6800, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6713
  • 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
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Fundamental Trading

Analysis of AT&T

Many people prefer to invest in companies that offer vital services or products to their customers.






Our Analysis:


As long as the price is above 19.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 19.84
  • Take Profit 1: 20.40
  • Take Profit 2: 21.00


Alternative scenario:


If the level of 19.00 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 19.00
  • Take Profit 1: 18.50
  • Take Profit 2: 18.00
Learn More
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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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