Daily Trading Analysis 23.06.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Canada: annual CPI jumped to a 39-year high of 7.7% in May. Our Analysis: While the price is below 1.5790, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5847 Take Profit 1: 1.6000 Take Profit 2: 1.6200 Alternative scenario: If the level 1.5790 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5790 Take profit 1: 1.5630 Take Profit 2: 1.5500 Learn More Trading Analysis of EUR/CAD Rogers, Bank of Canada: May CPI numbers are an "undesirable number." Our Analysis: As long as the price is above 1.3530 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3683 Take Profit 1: 1.3770 Take Profit 2: 1.3900 Alternative scenario: If the level of 1.3530 is broken-down, follow the recommendations below:                         Time frame: D1 Recommendation: short position Entry point: 1.3530 Take profit 1: 1.3385 Take Profit 2: 1.3300 Learn More Fundamental Trading Analysis of Meta Platforms Meta Platforms, the tech giant formerly known as Facebook, has lost more than 50% of its market value this year as investors have been concerned about its slowing growth and polar plans. Our Analysis: As long as the price is below the 172.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.41 Take Profit 1: 140.00 Take Profit 2: 120.00 Alternative scenario: If the level of 172.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 172.00 Take Profit 1: 202.00 Take Profit 2: 224.00 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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