Thursday, July 14, 2022

Daily Trading Analysis 14.07.2022

Trading Analysis of GBP/CAD
Macklem, Bank of Canada: there are good reasons why a "soft landing" is achievable.






Our Analysis:

While the price is below 1.5680, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.5410
  • Take Profit 1: 1.5340
  • Take Profit 2: 1.5200

Alternative scenario:

If level 1.5680 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.5680
  • Take profit 1: 1.5810
  • Take Profit 2: 1.5940
Trading Analysis of EUR/CAD
Macklem, Bank of Canada: a proactive rate hike will help cool domestic inflationary pressures.





Our Analysis:

As long as the price is below 1.3280 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3028
  • Take Profit 1: 1.2975
  • Take Profit 2: 1.2850

Alternative scenario:

If the level of 1.3280 is broken-out, follow the recommendations below:  
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.3280
  • Take profit 1: 1.3390
  • Take Profit 2: 1.3510
Fundamental Trading
Analysis of eBay
Last month, the online marketplace eBay acquired a specialty NFT marketplace called KnownOrigin. The press release stated that KnownOrigin is the "leading" NFT marketplace. As a cash-rich company, eBay was well positioned to finance this acquisition.

Our Analysis:

As long as the price is below the 43.90 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 42.44
  • Take Profit 1: 41.50
  • Take Profit 2: 48.35

Alternative scenario:

If the level of 43.90 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 43.90
  • Take Profit 1: 45.75
  • Take Profit 2: 47.00
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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