Daily Trading Analysis 27.01.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of England, Mann: inflation data from November fell short of the stabilizing level forecasted at the time. Our Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7073 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 The Bank of Canada, MackLem: we want to be deliberate and cautious. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4257 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 Apple Apple will release its fiscal 2022 Q1 results today after the market closes, and investors are hopeful that the company will show good results to stop the stock's decline. Our Analysis: As long as the price is below 163.20, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.27 Take Profit 1: 154.90 Take Profit 2: 150.00 Alternative scenario: If the level of 163.20 is broken-out, follow the recommendations below:        Time frame: D1 Recommendation: long position Entry point: 163.20 Take Profit 1: 175.00 Take Profit 2: 179.00 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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