Daily Trading Analysis 18.11.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of England, Mann: we are more interested in medium-term inflation expectations. Our Analysis: While the price is above 1.6544, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7000 Take Profit 1: 1.7100 Take Profit 2: 1.7215 Alternative scenario: If the level 1.6544 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6544 Take profit 1: 1.6256 Take Profit 2: 1.6084 Learn More Trading Analysis of EUR/CAD ECB, Schnabel: A rate hike is not imminent. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4274 Take Profit 1: 1.4350 Take Profit 2: 1.4500 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 Citigroup Since brand-new CEO Jane Fraser took the helm at Citigroup earlier this year, the company has embarked on a multi-year strategy refresh. Our Analysis: As long as the price is above 67.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 68.78 Take Profit 1: 72.20 Take Profit 2: 73.50 Alternative scenario: If the level of 67.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 67.00 Take Profit 1: 64.80 Take Profit 2: 63.60 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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