Daily Trading Analysis 12.06.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD prepares for a fresh rally above 1.3360 ahead of US CPI and Fed policy Our Analysis: While the price is above 1.3300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3347 Take Profit 1: 1.3560 Take Profit 2: 1.3670 Alternative scenario: If level 1.3300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3300 Take Profit 1: 1.3200 Take Profit 2: 1.3100 Learn More Trading Analysis of AUD/USD AUD/USD oscillates in a range around 100-day SMA, just below mid-0.6700s/one-month peak. Our Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6744 Take Profit 1: 0.6485 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 Ethereum Despite experiencing a substantial increase in 2023, the cryptocurrency market is still far from its peak valuation of $3 trillion in 2021. Our Analysis: As long as the price is above 1675.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1735.24 Take Profit 1: 19250.00 Take Profit 2: 2000.00 Alternative scenario: If the level of 1675.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1675.00 Take Profit 1: 1610.00 Take Profit 2: 1530.00 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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