Daily Trading Analysis 13.10.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Bank of England signals to lenders it is prepared to prolong bond purchases. Our Analysis: While the price is above 1.5200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5299 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 EUR/CAD European Central Bank (ECB) decided to raise its three key interest rates by 75 basis points (the deposit rate is now 0.75%). Economists at Commerzbank continue to expect it to raise its deposit rate to 3.0% by March next year. Our Analysis: As long as the price is above 1.3340 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3398 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 Ethereum This has been an extremely tough year for investors. Not only has the stock market, as measured by the S&P 500 Index, fallen almost 25 percent in 2022, but the value of cryptocurrencies has also declined. Our Analysis: As long as the price is above 1250.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1270.80 Take Profit 1: 1650.00 Take Profit 2: 2050.00 Alternative scenario: If the 1250.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1250.00 Take Profit 1: 1000.00 Take Profit 2: 860.00 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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