Daily Trading Analysis 21.07.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of Canada, Maclem: Canada's inflation will remain painfully high. Our Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5440 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 Learn More Trading Analysis of EUR/CAD Canada: evidence is emerging that inflation is close to a peak - RBC. Our Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3149 Take Profit 1: 1.2975 Take Profit 2: 1.2850 Alternative scenario: If the level of 1.3260 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3260 Take profit 1: 1.3390 Take Profit 2: 1.3510 Learn More Fundamental Trading Analysis of Amazon Amazon will report its Q2 2022 results after the market closes on Thursday, July 28. An analyst call is scheduled for the same day at 5:30 p.m. ET. Our Analysis: As long as the price is above the 116.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 121.96 Take Profit 1: 125.00 Take Profit 2: 130.00 Alternative scenario: If the level of 116.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 116.00 Take Profit 1: 112.00 Take Profit 2: 106.00 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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