Wednesday, November 30, 2022

Daily Trading Analysis 01.12.2022

Trading Analysis of GBP/CAD

BoE's Bailey: UK labour market much more constrained than we thought.







Our Analysis:


While the price is above 1.5800, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.6226
  • Take Profit 1: 1.6400
  • Take Profit 2: 1.6600


Alternative scenario:


If level 1.5800 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.5800
  • Take profit 1: 1.5570
  • Take Profit 2: 1.5300
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Trading Analysis of EUR/CAD

EUR/CAD to extend its race higher toward 1.44 – Scotiabank.








Our Analysis:


As long as the price is above 1.3870 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4009
  • Take Profit 1: 1.4100
  • Take Profit 2: 1.4250


Alternative scenario:


If the level of 1.3870 is broken-down, follow the recommendations below: 

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3870
  • Take profit 1: 1.3740
  • Take Profit 2: 1.3600
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Fundamental Trading

Analysis of Verizon

Dividends are an attractive factor for buying stock.







Our Analysis:


As long as the price is above 37.50, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 38.75
  • Take Profit 1: 40.00
  • Take Profit 2: 42.50


Alternative scenario:


If the level of 37.50 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation:short position
  • Entry point: 37.50
  • Take Profit 1: 36.00
  • Take Profit 2: 35.00
Learn More
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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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