Thursday, June 30, 2022

Daily Trading Analysis 30.06.2022

Trading Analysis of GBP/CAD
Bank of England, Dhingra: The weakening sterling does not help British exports.






Our Analysis:

While the price is above 1.5600, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.5665
  • Take Profit 1: 1.5850
  • Take Profit 2: 1.6000

Alternative scenario:

If the level 1.5600 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.5600
  • Take profit 1: 1.5480
  • Take Profit 2: 1.5400
Trading Analysis of EUR/CAD
ECB, Lagarde: it is unlikely that we will return to a low inflation environment.






Our Analysis:

As long as the price is above 1.3440 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.3482
  • Take Profit 1: 1.3675
  • 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
Fundamental Trading
Analysis of Disney
The battle for streaming seems to be in full swing, with Netflix racking up the bumps, competitors like Discovery and Time Warner creating Warner Bros.



Our Analysis:

As long as the price is below the 108.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 95.26
  • Take Profit 1: 91.00
  • Take Profit 2: 85.00

Alternative scenario:

If the level of 108.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 108.00
  • Take Profit 1: 113.00
  • Take Profit 2: 120.00
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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