Daily Trading Analysis 02.12.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of England, Mann: Omicron has put a question mark on consumer confidence. Our Analysis: While the price is above 1.6544, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7013 Take Profit 1: 1.7100 Take Profit 2: 1.7215 Alternative scenario: IIf 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 worries that economic outlook is too murky to make decision on APP recalibration in March - Reuters. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4504 Take Profit 1: 1.4700 Take Profit 2: 1.4998 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 Alphabet Shortly after becoming CEO of Alphabet in 2015, Sundar Pichai boldly stated that his vision was to become an AI-focused company. Our Analysis: As long as the price is below 2987.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2829.00 Take Profit 1: 2695.00 Take Profit 2: 2624.00 Alternative scenario: If the level of 2987.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 2987.00 Take Profit 1: 3108.00 Take Profit 2: 3177.00 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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