Daily Trading Analysis 28.10.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of Canada, Macklem: We may raise the rate sooner than previously thought. Our Analysis: While the price is below 1.7208, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6982 Take Profit 1: 1.6854 Take Profit 2: 1.6675 Alternative scenario: If the level 1.7208 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7208 Take profit 1: 1.7453 Take Profit 2: 1.7600 Learn More Trading Analysis of EUR/CAD Euro zone inflation expectations have reached a new seven-year high above the ECB's 2% target. Our Analysis: As long as price is below 1.4554 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4341 Take Profit 1: 1.4300 Take Profit 2: 1.4095 Alternative scenario: If the level of 1.4554 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4554 Take profit 1: 1.4765 Take Profit 2: 1.4891 Learn More Fundamental Trading Analysis of Johnson & Johnson Johnson & Johnson is a leader in several areas of pharmaceutical research, including oncology and immunologic diseases. Our Analysis: As long as the price is above 159.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.60 Take Profit 1: 168.30 Take Profit 2: 170.40 Alternative scenario: If the level of 159.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.10 Take Profit 1: 155.70 Take-profit 2: 153.80 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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