Daily Trading Analysis 17.02.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Canada's overall consumer price index (CPI) rose an annualized 5.1% in January, above economists' average forecasts of 4.8% and a December gain of 4.8% y/y, according to data released by Statistics Canada on Wednesday. Our Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7263 Take Profit 1: 1.7430 Take Profit 2: 1.7553 Alternative scenario: If the level 1.7022 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7022 Take profit 1: 1.6777 Take Profit 2: 1.6630 Learn More Trading Analysis of EUR/CAD Canada: consumer price index rising to 5.1% y/y in January compared to expectations of 4.8%. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4448 Take Profit 1: 1.4700 Take Profit 2: 1.4840 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 Twitter Twitter released its fourth-quarter earnings report on Feb. 10. Our Analysis: Provided that the company is traded above 33.00 , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 35.90 Take Profit 1: 42.00 Take Profit 2: 45.00 Alternative scenario: In case of breakdown of the level 33.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 33.00 Take Profit 1: 30.00 Take Profit 2: 28.00 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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