Daily Trading Analysis 16.12.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The Bank of England rate expectations rose after the CPI data. Our Analysis: While the price is above 1.6544, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7017 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 It is very unlikely that the ECB will decide to raise rates before late 2023/early 2024 and it will take a sustained rise in inflation expectations towards 2%. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4492 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 Home Depot The pandemic forced many companies to send their employees to work remotely. Millions of employees who were used to appearing in their offices every day had to make significant adjustments to their work. Our Analysis: As long as the price is above the 386.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 402.20 Take Profit 1: 425.00 Take Profit 2: 434.00 Alternative scenario: If the level of 386.00 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 386.00 Take Profit 1: 370.00 Take Profit 2: 360.00 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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