Daily Trading Analysis 28.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The Canadian dollar was under pressure even as the Governor of the Bank of Canada (BoC) signaled further rate hikes. Our Analysis: While the price is below 1.6320, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6070 Take Profit 1: 1.6000 Take Profit 2: 1.5900 Alternative scenario: If the level 1.6320 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6320 Take profit 1: 1.6510 Take Profit 2: 1.6705 Learn More Trading Analysis of EUR/CAD Bank of Canada, Maclem: the extent of the rate hike will depend on the economy, the outlook for inflation. Our Analysis: As long as price is below 1.3750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3494 Take Profit 1: 1.3400 Take Profit 2: 1.3200 Alternative scenario: If the level of 1.3750 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 1.3750 Take profit 1: 1.3985 Take Profit 2: 1.4160 Learn More Fundamental Trading Analysis of Walmart Walmart's stock has rallied rapidly as consumers begin to adjust to life in the COVID era. Our Analysis: As long as price is above 152.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 154.17 Take Profit 1: 160.00 Take Profit 2: 165.00 Alternative scenario: If the level of 152.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 152.00 Take Profit 1: 146.00 Take Profit 2: 142.00 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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