Daily Trading Analysis 16.06.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The Bank of England is likely to raise its key rate by another 25bp to 1.25%, although an unexpected 50bp increase cannot be ruled out if the central bank prioritizes controlling inflation. Our Analysis: While the price is below 1.5790, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5668 Take Profit 1: 1.5500 Take Profit 2: 1.5350 Alternative scenario: If the level 1.5790 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5790 Take profit 1: 1.6000 Take Profit 2: 1.6200 Learn More Trading Analysis of EUR/CAD The fall of the CAD looks excessive considering the strength of the domestic economy, the Bank of Canada's own hawkish intentions and the yield premium against the USD for the CAD, but it will not help the CAD against the overall growth of the USD at the moment. Our Analysis: As long as the price is above 1.3440 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3456 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 Amazon Amazon has proven that it can deliver returns to investors over time.  Our Analysis: As long as the price is above the 104.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 106.78 Take Profit 1: 111.00 Take Profit 2: 115.00 Alternative scenario: If the level of 104.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 104.00 Take Profit 1: 102.60 Take Profit 2: 101.00 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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