Daily Trading Analysis 16.09.2021

Technical & Fundamental analysis

Trading Analysis of EUR/CAD Canada: CPI up 4.1% y/y in August. Our Analysis: As long as price is above 1.4612 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4964 Take Profit 1: 1.5100 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.4612 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 1.4612 Take profit 1: 1.4283 Take profit 2: 1.4087 Learn More Trading Analysis of GBP/CAD Investors are increasingly concerned that Canada's federal election could lead to a stalemate that hinders Ottawa's response to the COVID-19 pandemic and further slows the recovery from the crisis. Our Analysis: While the price is above 1.7158, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7476 Take Profit 1: 1.7641 Take Profit 2: 1.7777 Alternative scenario: If the level 1.7158 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7158 Take profit 1: 1.6931 Take Profit 2: 1.6796 Learn More Fundamental Trading Analysis of General Electric General Electric's latest statement to investors has left Wall Street analysts worried that the industrial giant's third-quarter report may not be as positive as many had expected. Those concerns extend not only to the expected third-quarter numbers but also to recommendations and comments from the company's management about the near-term outlook. Our Analysis: As long as price is below the 108.30 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 108.30 Take profit 1: 94.60 Take Profit 2: 91.90 Alternative scenario: If the level of 108.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 108.30 Take profit 1: 113.10 Take Profit 2: 116.10 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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