Daily Trading Analysis 25.08.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The Bank of England (BoE) is still torn between a weak economic growth forecast and near-record inflation. TD Securities economists have revised their forecast for the bank rate and now expect it to rise sharply in the near term. This will be followed by a decline once the link between wages and prices is cut. Our Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5289 Take Profit 1: 1.5200 Take Profit 2: 1.5100 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 The WTI might revisit the $95 area in the near term, which might provide some support for the CAD. Our Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2919 Take Profit 1: 1.2850 Take Profit 2: 1.2750 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 Disney Walt Disney stock prices are up 30 percent since hitting a 52-week low at the beginning July. Our Analysis: As long as the price is above the 112.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 116.46 Take Profit 1: 126.00 Take Profit 2: 135.00 Alternative scenario: If the level of 112.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 112.00 Take Profit 1: 100.00 Take Profit 2: 91.00 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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