Daily Trading Analysis 01.07.2021

Trading Analysis of USD/CAD

USD/CAD weakened yesterday after US and Canadian economic statistics block releases.







Our Analysis:

Provided that the currency pair is traded above 1.2180, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2301
  • Take Profit 1: 1.2480
  • Take Profit 2: 1.2630

Alternative scenario:

In case of breakdown of the level 1.2180, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2180 
  • Take Profit 1: 1.2020
  • Take Profit 2: 1.1900

Trading Analysis of NZD/USD

The NZD/USD cannot consolidate above 0.7000. 







Our Analysis:

While the price is below 0.7160, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6999
  • Take Profit 1: 0.6920
  • Take Profit 2: 0.6800

Alternative scenario:

If the level 0.7160 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7160
  • Take Profit 1: 0.7240
  • Take Profit 2: 0.7315

Fundamental Trading
Analysis of Pfizer

Imagine you have a product that made $919 million in sales last year. Now imagine having to stop supplying that product not just to one market, but all over the world. That is precisely the situation that Pfizer is in right now.

Our Analysis:

While the price is below 40.50, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 39.05
  • Take Profit 1: 37.70
  • Take Profit 2: 37.10

Alternative scenario:

If the level 40.50 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 40.50
  • Take Profit 1: 41.60
  • Take Profit 2: 42.20

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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