Daily Trading Analysis 06.10.2022

Technical & Fundamental analysis

Trading Analysis of USD/CAD Markets now expect the Bank of Canada to raise rates at the next two meetings and begin easing as early as Q1 2023. Our Analysis: While the price is above 1.5200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5409 Take Profit 1: 1.5565 Take Profit 2: 1.5785 Alternative scenario: If level 1.5200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5200 Take profit 1: 1.5015 Take Profit 2: 1.4660 Learn More Trading Analysis of AUD/USD European Central Bank (ECB) President Christine Lagarde said it was difficult to say whether or not inflation has peaked in the euro area. Our Analysis: As long as the price is above 1.3340 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3467 Take Profit 1: 1.3570 Take Profit 2: 1.3715 Alternative scenario: If the level of 1.3340 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3340 Take profit 1: 1.3240 Take Profit 2: 1.3120 Learn More Fundamental Trading Analysis of Procter & Gamble Investors often want to secure their investments when major swings occur in the markets; don't blame them. Seeing your portfolio fall 10%, 30%, 50% or more can be extremely frustrating. Our Analysis: As long as the price is above 126.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 128.82 Take Profit 1: 131.00 Take Profit 2: 135.00 Alternative scenario: If the level of 126.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 126.00 Take Profit 1: 120.00 Take Profit 2: 117.00 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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