Daily Trading Analysis 10.03.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Uncertainty over the Ukraine conflict will limit the potential for the Bank of England (BoE) to tighten policy despite high inflation Our Analysis: While the price is below 1.7022, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6877 Take Profit 1: 1.6777 Take Profit 2: 1.6630 Alternative scenario: If the level 1.7022 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7022 Take profit 1: 1.7190 Take Profit 2: 1.7310 Learn More Trading Analysis of EUR/CAD ING economists expect the European Central Bank (ECB) to maintain maximum flexibility at its March meeting. While this is largely priced in, it will make the euro vulnerable to the adverse impact of the conflict in Ukraine and high energy prices. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4150 Take Profit 1: 1.3955 Take Profit 2: 1.3826 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 1.4172 Take profit 1: 1.4450 Take Profit 2: 1.4600 Learn More Fundamental Trading Analysis of Citigroup Citigroup held its long-awaited Investor Day, detailing its long-term strategic vision for getting the faltering bank back on track. Our Analysis: As long as the price is below the 58.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 55.86 Take Profit 1: 54.00 Take Profit 2: 50.00 Alternative scenario: If the level of 58.00 is broken-out, follow the recommendations below:         Time frame: D1 Recommendation: long position Entry point: 58.00 Take Profit 1: 63.00 Take Profit 2: 69.00 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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