Daily Trading Analysis 26.06.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD slips below 1.3200 as US Dollar retreats ahead of US/Canada inflation, ignoring downbeat oil price. Our Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3163 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 climbs back closer to 0.6700 amid modest USD weakness, not out of the woods yet. Our Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6673 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: In case level 0.6800 is broken-down, 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 McDonald's McDonald's, known for its affordable fast food, currently has a stock that is anything but inexpensive. Our Analysis: As long as the price is above 280.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 289.78 Take Profit 1: 297.00 Take Profit 2: 305.00 Alternative scenario: If the level of 280.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 280.00 Take Profit 1: 275.00 Take Profit 2: 270.00 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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