Daily Trading Analysis 24.03.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Morgan Stanley analysts recommend staying short on the British pound as markets are pricing in too much tightening of Bank of England (BOE) policy this year amid risks to economic growth and rising inflation. Our Analysis: While the price is below 1.6950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6585 Take Profit 1: 1.6450 Take Profit 2: 1.6350 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 Stagflationary risks might be related to an escalation of the energy crisis in Europe. ECB President Lagarde assured this week that it will not happen and that even in the worst-case scenario the Eurozone will still achieve 2.3% growth this year. Our Analysis: As long as price is below 1.4172 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3806 Take Profit 1: 1.3750 Take Profit 2: 1.3650 Alternative scenario: If the level of 1.4172 is broken-out, 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 Alibaba As China's largest e-commerce and cloud infrastructure platform company, Alibaba is not often associated with other countries.  Our Analysis: As long as the price is below 154.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 111.96 Take Profit 1: 125.00 Take Profit 2: 139.00 Alternative scenario: If the level of 100.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 100.00 Take Profit 1: 87.00 Take Profit 2: 72.00 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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