Thursday, September 23, 2021

Daily Trading Analysis 23.09.2021

Trading Analysis of EUR/CAD
ECB, Muller: we will consider the probability of an increase in APP after the end of the PEPP program.





Our Analysis:

As long as price is above 1.4612 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4929
  • 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

Trading Analysis of GBP/CAD
Canada: New Home Prices rose 0.7% in August.







Our Analysis:

While the price is above 1.7158, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.7382
  • 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

Fundamental Trading
Analysis of Goldman Sachs

Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some time.

Our Analysis:

As long as the price is below 391.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 375.00
  • Take Profit 1: 360.00
  • Take Profit 2: 352.00

Alternative scenario:

If the level of 391.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 391.00
  • Take Profit 1: 404.00
  • Take Profit 2: 411.00

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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