Daily Trading Analysis 22.09.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD All eyes will be on the BOE today as the bank will announce its monetary policy decision. The interest rate range, which traders expect, is between 50 to 75 basis points. Our Analysis: While the price is below 1.5350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5169 Take Profit 1: 1.5000 Take Profit 2: 1.4900 Alternative scenario: If level 1.5350 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5350 Take profit 1: 1.5500 Take Profit 2: 1.5650 Learn More Trading Analysis of EUR/CAD European Central Bank (ECB) executive board member Isabel Schnabel said on Thursday, “we must further increase interest rates.” Our Analysis: As long as the price is above 1.3000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3245 Take Profit 1: 1.3390 Take Profit 2: 1.3525 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 AT&T U.S. telecommunications company AT&T has had an eventful year. It got rid of its entertainment assets to become solely a telecommunications business and cut dividends to help improve its financial situation. Our Analysis: As long as the price is below 19.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 16.16 Take Profit 1: 15.00 Take Profit 2: 13.00 Alternative scenario: If the level of 19.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 19.00 Take Profit 1: 20.00 Take Profit 2: 21.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org