Thursday, November 25, 2021

Daily Trading Analysis 25.11.2021

Trading Analysis of GBP/CAD
Bank of England, Tenreyro: a rate hike in December or February? - it's a secret.






Our Analysis:

While the price is above 1.6544, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.6877
  • 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
Trading Analysis of EUR/CAD
ECB, Weidmann: upward inflation risks prevail in Germany and the euro area.






Our Analysis:

As long as price is above 1.4172 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4183
  • 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
Fundamental Trading
Analysis of Walmart
It's no secret that Walmart is performing admirably this year. The world's leading retailer just announced terrific growth ahead of the peak holiday shopping season and raised its earnings forecast for 2021.

Our Analysis:

As long as the price is below 148.90, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 145.81
  • Take Profit 1: 139.00
  • Take Profit 2: 136.80

Alternative scenario:

If the level of 148.90 is broken-out, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 148.90
  • Take Profit 1: 152.50
  • Take Profit 2: 154.70
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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