Daily Trading Analysis 29.09.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The beleaguered pound was in retreat again after the UK government was slapped by stinging criticism from the International Monetary Fund over its handling of economic policy. Our Analysis: While the price is below 1.5000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4798 Take Profit 1: 1.4500 Take Profit 2: 1.4300 Alternative scenario: If level 1.5000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5000 Take profit 1: 1.5160 Take Profit 2: 1.5300 Learn More Trading Analysis of EUR/CAD ECB hawkishness may be insufficient to support EUR in a stagflationary environment – Morgan Stanley. Our Analysis: As long as the price is above 1.3000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3242 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 Tesla Tesla is the ultimate example of a company that is constantly struggling on the battlefield. Bulls believe that the company continues to lead the electric vehicle (EV) revolution and develop valuable new product and service categories, while bears tend to think that the hype surrounding the company has led to an overvaluation. Our Analysis: As long as the price is above 270.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 286.95 Take Profit 1: 295.00 Take Profit 2: 310.00 Alternative scenario: If the 270.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 270.00 Take Profit 1: 265.00 Take Profit 2: 260.00 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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