Daily Trading Analysis 04.09.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD remains on the defensive below 1.3600, and the setup favours bullish traders. Our Analysis: While the price is above 1.3400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3587 Take Profit 1: 1.3670 Take Profit 2: 1.3800 Alternative scenario: If level 1.3400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3400 Take Profit 1: 1.3300 Take Profit 2: 1.3200 Learn More Trading Analysis of AUD/USD AUD/USD is now seen trading within a range-bound theme – UOB Our Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6470 Take Profit 1: 0.6350 Take Profit 2: 0.6250 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 Coca-Cola Coca-Cola stands as one of the enduring pillars of dividend stocks in today's market landscape. Our Analysis: Provided that the currency pair is below 61.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 59.20 Take Profit 1: 58.00 Take Profit 2: 56.00 Alternative scenario: In case level 61.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 61.00 Take Profit 1: 62.00 Take Profit 2: 63.00 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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