Daily Trading Analysis 14.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD In a press conference following the Bank of Canada's monetary policy meeting, Governor Tiff Macklem said that the central bank is prepared to act as decisively as necessary to fight inflation and took an important step in that fight on Wednesday. Our Analysis: While the price is below 1.6720, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6489 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 Bank of Canada announced Wednesday its decision to raise the benchmark interest rate by 50 bps to 1.00% from 0.50%, as analysts expected. Our Analysis: As long as price is below 1.3900 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3697 Take Profit 1: 1.3585 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 Alphabet During Alphabet's Q4 and full-year last year earnings call on Feb. 1, management announced that its board of directors had approved a 20-to-1 stock split, as of July 15. Our Analysis: As long as the price is below 2650.00, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 2605.01 Take Profit 1: 2500.00 Take Profit 2: 2443.00 Alternative scenario: If the level of 2650.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 2650.00 Take Profit 1: 2800.00 Take Profit 2: 2873.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org