Daily Trading Analysis 21.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Canada: unexpected rise in inflation could lead to another 50bp rate hike - CIBC.  Our Analysis: While the price is below 1.6500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6315 Take Profit 1: 1.6200 Take Profit 2: 1.6100 Alternative scenario: If the level 1.6500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6500 Take profit 1: 1.6670 Take Profit 2: 1.6870 Learn More Trading Analysis of EUR/CAD Canada: the annual CPI climbed to 6.7% in March compared to expectations of a 6.1% increase. Our Analysis: As long as price is below 1.3900 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3589 Take Profit 1: 1.3500 Take Profit 2: 1.3400 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 Tesla Tesla has been in the spotlight lately, but not for the reasons you may assume. CEO Elon Musk is drawing a lot of attention to his interest in Twitter, which has drawn attention to Tesla for reasons that are mostly irrelevant to the actual business. Our Analysis: As long as the price is above the 970.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 976.14 Take Profit 1: 1050.00 Take Profit 2: 1175.00 Alternative scenario: If the 970.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 970.00 Take Profit 1: 885.00 Take Profit 2: 816.00 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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