Daily Trading Analysis 04.11.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The Bank of England to raise rates by 15bp today. - Bank of America. Our Analysis: While the price is above 1.6685, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6960 Take Profit 1: 1.7100 Take Profit 2: 1.7239 Alternative scenario: If the level 1.6685 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6685 Take profit 1: 1.6429 Take Profit 2: 1.6277 Learn More Trading Analysis of EUR/CAD Villeroy: the ECB has no need to raise rates in 2022. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4389 Take Profit 1: 1.4500 Take Profit 2: 1.4649 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 1.4172 Take profit 1: 1.3995 Take Profit 2: 1.3826 Learn More Fundamental Trading Analysis of Tesla In October, Tesla's stock price climbed above $1,000, and its market capitalization surpassed $1 trillion. This situation has probably made many Tesla investors excited about the growth. Our Analysis: As long as the price is above the 1054.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1212.00 Take Profit 1: 1315.00 Take Profit 2: 1368.00 Alternative scenario: If the level of 1054.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1054.00 Take Profit 1: 972.00 Take Profit 2: 923.00 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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