Daily Trading Analysis 09.06.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Canada's trade balance surplus narrowed to CAD 1.5 billion in April from CAD 2.28 billion a month earlier, compared to expectations of an increase to CAD 2.9 billion. Our Analysis: While the price is below 1.5955, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5731 Take Profit 1: 1.5700 Take Profit 2: 1.5600 Alternative scenario: If the level 1.5955 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5955 Take profit 1: 1.6200 Take Profit 2: 1.6300 Learn More Trading Analysis of EUR/CAD Canada: the trade balance surplus narrowed to CAD 1.5 billion in April. Our Analysis: As long as price is above 1.3440 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3472 Take Profit 1: 1.3600 Take Profit 2: 1.3770 Alternative scenario: If the level of 1.3440 is broken-down, follow the recommendations below:                           Time frame: D1 Recommendation: short position Entry point: 1.3440 Take profit 1: 1.3385 Take Profit 2: 1.3300 Learn More Fundamental Trading Analysis of Tesla Valuing a stock is difficult enough even at the best of times, but in the case of Tesla, it is much more complicated. Our Analysis: As long as the price is above the 706.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 724.45 Take Profit 1: 794.00 Take Profit 2: 846.00 Alternative scenario: If the level of 706.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 706.00 Take Profit 1: 677.00 Take Profit 2: 619.00 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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