Monday, September 11, 2023

Daily Trading Analysis 11.09.2023

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
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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
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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
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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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