Daily Trading Analysis 28.07.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Low crude oil prices might undermine the demand for the Loonie and help limit losses. Our Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5607 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 "We expect the Bank of Canada to raise the overnight key rate by 75 bps at its meeting in September and again by 25 bps in October," writes Andrew Kelvin, chief Canadian strategist at TD Securities (TDS). Our Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3098 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 Microsoft The Nasdaq was down nearly 2 percent Tuesday as e-commerce company Shopify announced a 10 percent layoff to help it deal with lower-than-expected demand for its platform. Our Analysis: As long as the price is above 255.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 268.01 Take Profit 1: 277.00 Take Profit 2: 290.00 Alternative scenario: If the level of 255.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 255.00 Take Profit 1: 250.00 Take Profit 2: 240.00 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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