Daily Trading Analysis 11.09.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD loses momentum near the 1.3600 area, the next contention is seen at 1.3575. Our Analysis: While the price is above 1.3400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3593 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 advances above the 0.6420 mark amid the weaker USD, US soft landing hope. Our Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6439 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 Intel Intel, the prominent chip industry leader, has encountered a string of challenges that significantly impacted its stock performance in recent years. Our Analysis: As long as the price is above 35.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 37.88 Take Profit 1: 40.00 Take Profit 2: 42.00 Alternative scenario: If the level of 35.00 is broken-down, follow the recommendations below:   Time frame: D1 Recommendation: short position Entry point: 34.00 Take Profit 1: 32.00 Take Profit 2: 30.00 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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