Daily Trading Analysis 08.09.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD BoC offered the first hint it is at least starting to contemplate where the monetary tightening cycle might end, saying it will be assessing how much higher interest rates need to go to return inflation to target. Our Analysis: While the price is below 1.5500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5125 Take Profit 1: 1.5000 Take Profit 2: 1.4900 Alternative scenario: If level 1.5500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5500 Take profit 1: 1.5650 Take Profit 2: 1.5810 Learn More Trading Analysis of EUR/CAD The Bank of Canada (BoC) delivered another large rate hike, increasing its policy rate by 75 basis points to 3.25%. In addition, the BoC's accompanying comments were mildly hawkish on balance. Our Analysis: As long as the price is above 1.3000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3129 Take Profit 1: 1.3275 Take Profit 2: 1.3390 Alternative scenario: If the level of 1.3000 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 1.3000 Take profit 1: 1.2875 Take Profit 2: 1.2750 Learn More Fundamental Trading Analysis of Procter & Gamble There's no denying that over its long history, Procter & Gamble has helped many investors capitalize sufficiently. Our Analysis: As long as the price is above 135.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.47 Take Profit 1: 141.00 Take Profit 2: 146.00 Alternative scenario: If the 135.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 135.00 Take Profit 1: 132.00 Take Profit 2: 129.00 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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