Daily Trading Analysis 17.06.2024

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD steadily climbs back closer to mid-1.3700s, upside potential seems limited. Our Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3741 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit 1: 1.3500 Take Profit 2: 1.3400 Learn More Trading Analysis of AUD/USD AUD/USD posts modest gains above 0.6600 amid weak UoM Consumer Sentiment data. Our Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6603 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 0.6500 Take Profit 1: 0.6300 Take Profit 2: 0.6200 Learn More Fundamental Trading Analysis of Oracle Oracle may not be the largest cloud services provider, but it's currently one of the fastest-growing.  Our Analysis: While the price is above 125.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.93 Take Profit 1: 143.00 Take Profit 2: 147.00 Alternative scenario: If level 125.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 115.00 Take Profit 2: 110.00 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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