Daily Trading Analysis 02.09.2021

Technical & Fundamental analysis

Trading Analysis of EUR/CAD Head of ECB Lagarde: we are recovering from the pandemic and the economy is stabilizing. Our Analysis: As long as price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4944 Take Profit 1: 1.5048 Take Profit 2: 1.5309 Alternative scenario: If the level of 1.4600 is broken-down, follow the recommendations below:   Time frame: D1 Recommendation: short position Entry point: 1.4600 Take profit 1: 1.4262 Take profit 2: 1.4061 Learn More Trading Analysis of GBP/CAD Risk aversion has caused the pound to suffer. However, according to MUFG economists, the pound will be bolstered by the Bank of England's willingness to continue its plans to roll back policy measures next year. Our Analysis: While the price is below 1.7591, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7378 Take Profit 1: 1.7268 Take Profit 2: 1.7017 Alternative scenario: If the level 1.7591 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7591 Take profit 1: 1.7861 Take Profit 2: 1.8023 Learn More Fundamental Trading Analysis of Boeing  After a significant portion of commercial airplane orders faded in 2019 and 2020, Boeing began to rebuild its production backlog in 2021. The aircraft producer has reported positive net orders for six straight months. The company will likely prolong that sequence to seven months when it announces its August order activity next week. Our Analysis: As long as the price is below 229.70, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 217.75 Take Profit 1: 204.50 Take Profit 2: 198.20 Alternative scenario: If the level of 229.70 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 229.70 Take Profit 1: 240.50 Take Profit 2: 247.00 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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