Daily Trading Analysis 20.01.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Analysts at Commerzbank warn that while the possibility of a Bank of England rate hike supports the pound, it is already embedded in prices, so the pound's rally could start to slow down. Our Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7143 Take Profit 1: 1.7250 Take Profit 2: 1.7584 Alternative scenario: If the level 1.6772 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6772 Take profit 1: 1.6408 Take Profit 2: 1.6192 Learn More Trading Analysis of EUR/CAD ECB, Villerois: we will gradually adjust the monetary policy. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4180 Take Profit 1: 1.4360 Take Profit 2: 1.4700 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 JPMorgan Chase Despite the high valuation and declining stock price following the release of its Q4 and full-year 2021 earnings report, analysts still believe that JPMorgan Chase is the best-performing banking asset of its kind. After all, America's largest bank by asset size generated more than $125 billion in earnings on a managed basis in 2021. Our Analysis: As long as the price is below 158.20, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 149.07 Take Profit 1: 139.80 Take Profit 2: 135.50 Alternative scenario: If the level of 158.20 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.20  Take Profit 1: 165.60 Take Profit 2: 170.00 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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