Daily Trading Analysis 12.07.2021

Trading Analysis of USD/CAD

Canada: Employment increased by 230.7 thousand in June.







Our Analysis:

Provided that the currency pair is traded above 1.2250, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2448
  • Take Profit 1: 1.2650
  • Take Profit 2: 1.2740

Alternative scenario:

In case of breakdown of the level 1.2250, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2250 
  • Take Profit 1: 1.2130
  • Take Profit 2: 1.2020

Trading Analysis of NZD/USD

RBNZ: rate hike expected in November - Reuters poll.







Our Analysis:

While the price is above 0.6890, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6982
  • Take Profit 1: 0.7343
  • Take Profit 2: 0.7463

Alternative scenario:

If the level 0.6890 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6890
  • Take Profit 1: 0.6692
  • Take Profit 2: 0.6573

Fundamental Trading
Analysis of Disney 
Should you want to frustrate Disney theme park fans, ask them if they believe what Disneyland Paris has just begun doing will be extended to parks across the US. Disney's French resort is introducing Disney Premier Access, a value-added offer in which guests can use their smartphones to pay $9 to $18 per person to enter a fast track to a particular attraction or entertainment. Time is money when you're on vacation, but this little trick can make a big difference during your day at the park. 

Our Analysis:

While the price is above 170.50, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 177.04
  • Take Profit 1: 182.80
  • Take Profit 2: 185.50

Alternative scenario:

If the level 170.50 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 170.50
  • Take Profit 1: 166.10
  • Take Profit 2: 163.30

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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