Daily Trading Analysis 01.05.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD buyers struggle to keep the first daily gains in three as the quote retreats to 1.3550 heading into Monday’s European session. In doing so, the Loonie pair fades bounce off the convergence of the 100-bar and 200-bar Exponential Moving Averages (EMAs).  Our Analysis: While the price is below 1.3635, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3555 Take Profit 1: 1.3300 Take Profit 2: 1.3200 Alternative scenario: If the level 1.3635 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3635 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Learn More Trading Analysis of AUD/USD AUD/USD aims to surpass 0.6640 ahead of Fed/RBA policy, US ISM PMI in focus. Our Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6634 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 Over the last decade, Apple has proven to be an exceptional investment, with its shares skyrocketing by an astonishing 1,000% since late April 2013. Our Analysis: As long as the price is above 157.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.20 Take Profit 1: 175.00 Take Profit 2: 185.00 Alternative scenario: If the level of 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.00 Take Profit 1: 150.00 Take Profit 2: 144.00 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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