Daily Trading Analysis 19.05.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD There is no respite for Canadian consumers yet when it comes to inflationary pressures. The overall Consumer Price Index accelerated to 6.8% from 6.7% in the previous month and against the consensus forecast of 6.7%. Our Analysis: While the price is below 1.6100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5867 Take Profit 1: 1.5700 Take Profit 2: 1.5550 Alternative scenario: If the level 1.6100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6100 Take profit 1: 1.6300 Take Profit 2: 1.6510 Learn More Trading Analysis of EUR/CAD Canada: the overall inflation rate may well accelerate again in May - CIBC. Our Analysis: As long as price is below 1.3750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3470 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 Citigroup While stocks crashed in the first quarter of the year, legendary investor Warren Buffett and his Berkshire Hathaway were buying, especially in the financial sector. Our Analysis: As long as the price is below the 54.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 49.21 Take Profit 1: 45.00 Take Profit 2: 41.00 Alternative scenario: If the level of 54.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 54.00 Take Profit 1: 58.00 Take Profit 2: 62.00 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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