Daily Trading Analysis 07.07.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Cunliffe: The inflation we are seeing is mostly coming from overseas. Our Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5554 Take Profit 1: 1.5480 Take Profit 2: 1.5340 Alternative scenario: If level 1.5680 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5680 Take profit 1: 1.5810 Take Profit 2: 1.5940 Learn More Trading Analysis of EUR/CAD The Bank of Canada will go for a big rate hike but will take a pause before the Fed does - Reuters. Our Analysis: As long as the price is below 1.3400 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3280 Take Profit 1: 1.3200 Take Profit 2: 1.3100 Alternative scenario: If the level of 1.3400 is broken-out, follow the recommendations below:                  Time frame: D1 Recommendation: long position Entry point: 1.3280 Take profit 1: 1.3200 Take Profit 2: 1.3100 Learn More Fundamental Trading Analysis of 3M As the second quarter draws to a close, it's time to look at what results industry giant 3M can report and what investors can expect from the company before the end of the year. Our Analysis: As long as the price is below 134.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 129.07 Take Profit 1: 127.75 Take Profit 2: 125.35 Alternative scenario: If the level of 134.50 is broken-out, follow the recommendations below:      Time frame: D1 Recommendation: long position Entry point: 134.50 Take Profit 1: 136.70 Take Profit 2: 140.00 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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