Daily Trading Analysis 07.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Nagel, ECB: the Central Bank intends to make a decision in June. Our Analysis: While the price is below 1.6720, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6430 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 The market is increasingly betting that the Bank of Canada (BoC) will raise its key rate by 50 bps at the next meeting. Expectations for a rate hike were probably triggered by the publication of the Bank of Canada's Business Outlook Survey. Our Analysis: As long as price is below 1.3900 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3705 Take Profit 1: 1.3650 Take Profit 2: 1.3500 Alternative scenario: If the level of 1.3900 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3900 Take profit 1: 1.4160 Take Profit 2: 1.4450 Learn More Fundamental Trading Analysis of Apple Apple has been one of the most successful companies in the past two decades. Its excellent performance has brought its market capitalization close to the astonishing $3 trillion mark. Our Analysis: As long as the price is above the 170.30 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 171.23 Take Profit 1: 182.00 Take Profit 2: 189.60 Alternative scenario: If the level of 170.30 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 170.30 Take Profit 1: 161.70 Take Profit 2: 156.50 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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