Daily Trading Analysis 03.06.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD The U.S. dollar continued rising on Wednesday, recovering from a five-month low against major currencies on expectations of Fed policy normalization after strong business data. Our Analysis: Provided that the currency pair is traded below 1.2360, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2080 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of breakout of the level 1.2360, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2360  Take Profit 1: 1.2500 Take Profit 2: 1.2630 Learn More Trading Analysis of NZD/USD In yesterday's trading the American dollar gained 20 pips against NZD. Our Analysis: While the price is above 0.7087, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7270 Take Profit 1: 0.7547 Take Profit 2: 0.7677 Alternative scenario: If the level 0.7087 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7087 Take Profit 1: 0.6870 Take Profit 2: 0.6741 Learn More Fundamental Trading Analysis of Verizon Despite the fact that VZ stock has consistently lagged behind the S&P 500, it is still a stock of interest to income-oriented investors because of its dividend yield. Nonetheless, if 5G wireless services once again lead to revenue and earnings growth, Verizon stock could become much more attractive. Our Analysis: Provided that the company is traded below 57.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 56.75 Take Profit 1: 54.70 Take Profit 2: 54.00 Alternative scenario: In case of breakout of the level 57.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 57.80  Take Profit 1: 59.00 Take Profit 2: 59.70 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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