Daily Trading Analysis 27.10.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Markets take hope from the Bank of Canada after the slower rate hike, while the delay to the Sunak/Hunt fiscal plan does little to dampen GBP gains. Our Analysis: While the price is above 1.5400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5740 Take Profit 1: 1.5800 Take Profit 2: 1.6000 Alternative scenario: If level 1.5400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5400 Take profit 1: 1.5240 Take Profit 2: 1.5015 Learn More Trading Analysis of EUR/CAD EUR/CAD’s renaissance is gathering some momentum. In the opinion of economists at Scotiabank, the pair could return to the 1.40-1.45 range. Our Analysis: As long as the price is above 1.3550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3647 Take Profit 1: 1.3715 Take Profit 2: 1.3900 Alternative scenario: If the level of 1.3550 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 1.3550 Take profit 1: 1.3355 Take Profit 2: 1.3240 Learn More Fundamental Trading Analysis of Microsoft The bigger a company gets, the harder it is for it to make a market profit-at least in theory. Our Analysis: As long as the price is below 250.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 231.05 Take Profit 1: 220.00 Take Profit 2: 210.00 Alternative scenario: If the level of 250.00 is broken-up, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 250.00 Take Profit 1: 260.00 Take Profit 2: 270.00 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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