Daily Trading Analysis 17.03.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Canada: annual CPI rose 5.7% in February compared to the forecast of 5.5%. Our Analysis: While the price is below 1.6950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6690 Take Profit 1: 1.6630 Take Profit 2: 1.6450 Alternative scenario: If the level 1.6950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6950 Take profit 1: 1.7190 Take Profit 2: 1.7310 Learn More Trading Analysis of EUR/CAD Villeroy, ECB: there is no recession risk at the moment because of the events in Ukraine. Our Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3986 Take Profit 1: 1.3826 Take Profit 2: 1.3750 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 Tesla As investors face inflation approaching 8%, record-high gasoline prices, and the heartbreaking tragedy in Ukraine, a distraction to discuss something interesting can be helpful. Our Analysis: As long as the price is above the 750.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 839.00 Take Profit 1: 880.00 Take Profit 2: 950.00 Alternative scenario: If the 750.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 750.00 Take Profit 1: 705.00 Take Profit 2: 650.00 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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