Daily Trading Analysis 14.08.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD holds ground near the 1.3440 mark, eyes on Canadian CPI, and US Retail Sales. Our Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3438 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 floats above 0.6480 support ahead of Australia wage growth, RBA/FOMC Minutes. Our Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6497 Take Profit 1: 0.6450 Take Profit 2: 0.6350 Alternative scenario: In case level 0.6600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6600 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Learn More Fundamental Trading Analysis of Tesla With a 32% increase in the Nasdaq Composite index for the year 2023 (as of August 9th), it's evident that investor sentiment is becoming optimistic once again, especially after the substantial double-digit losses experienced in the previous year. Our Analysis: As long as the price is above 234.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 241.82 Take Profit 1: 275.00 Take Profit 2: 298.00 Alternative scenario: If the 234.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 234.00 Take Profit 1: 217.00 Take Profit 2: 199.00 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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