Daily Trading Analysis 31.03.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of England, Broadbent: the path of rates is unpredictable amid the unexpected turmoil hitting the economy. Our Analysis: While the price is below 1.6720, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6436 Take Profit 1: 1.6300 Take Profit 2: 1.6200 Alternative scenario: If the level 1.6720 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6720 Take profit 1: 1.6870 Take Profit 2: 1.7000 Learn More Trading Analysis of EUR/CAD ECB, Holzmann: the ECB might raise the rate in September if there are no new asset buybacks in July. Our Analysis: As long as price is below 1.4172 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3974 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 Home Depot At the end of February, shareholders of Home Depot, the largest home improvement retailer, were rewarded with a 15.2% increase in their quarterly dividend to $1.90 per share. Our Analysis: As long as the price is below 340.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 308.18 Take Profit 1: 300.00 Take Profit 2: 285.00 Alternative scenario: If the 340.00 level is broken-down, follow the recommendations below:      Time frame: D1 Recommendation: long position Entry point: 345.00 Take Profit 1: 375.00 Take Profit 2: 395.00 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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