Daily Trading Analysis 31.07.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD consolidates near a three-week high, around mid-1.3200s. Our Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3230 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 recovery approaches 0.6700 on stimulus hopes, ignores mixed China PMI, Aussie inflation clues. Our Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6699 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6600 Take Profit 1: 0.6550 Take Profit 2: 0.6500 Learn More Fundamental Trading Analysis of Boeing Boeing's shares have experienced an impressive surge over the past year, soaring by 50%. Our Analysis: As long as the price is above 224.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 238.47 Take Profit 1: 245.00 Take Profit 2: 255.00 Alternative scenario: If the level of 224.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 224.10 Take Profit 1: 215.40 Take Profit 2: 208.00 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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