Daily Trading Analysis 19.06.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD bounces off YTD low towards 1.3250 as oil price drops, US Dollar recovers amid sluggish markets. Our Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3201 Take Profit 1: 1.3075 Take Profit 2: 1.2900 Alternative scenario: If level 1.3475 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3475 Take Profit 1: 1.3670 Take Profit 2: 1.3800 Learn More Trading Analysis of AUD/USD AUD/USD faces a tough resistance around 0.6915/40 – UOB Group. Our Analysis: Provided that the currency pair is above 0.6800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6855 Take Profit 1: 0.7000 Take Profit 2: 0.7150 Alternative scenario: In case level 0.6800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6800 Take Profit 1: 0.6720 Take Profit 2: 0.6630 Learn More Fundamental Trading Analysis of Apple In August 2018, Apple achieved a significant milestone by becoming the first publicly traded US company to reach a market capitalization of $1 trillion. Our Analysis: As long as the price is above 175.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 184.37 Take Profit 1: 190.00 Take Profit 2: 200.00 Alternative scenario: If the level of 175.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 175.00 Take Profit 1: 170.00 Take Profit 2: 164.00 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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