Thursday, November 10, 2022

Daily Trading Analysis 10.11.2022

Trading Analysis of GBP/CAD

GBP/CAD keeps falling below a key support level.policies.








Our Analysis:


While the price is above 1.5320, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.5460
  • Take Profit 1: 1.5800
  • Take Profit 2: 1.6000


Alternative scenario:


If level 1.5320 is broken-down, follow the recommendations below

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.5320
  • Take profit 1: 1.5160
  • Take Profit 2: 1.5015
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Trading Analysis of EUR/CAD

EUR/CAD has been in a rally after bottoming around the 1.32925 crucial support. Improving sentiment across the euro has helped the common currency to touch the 50-EMA against the Canadian dollar


Our Analysis:


As long as the price is above 1.3480 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.3570
  • Take Profit 1: 1.3715
  • Take Profit 2: 1.3800


Alternative scenario:


If the level of 1.3480 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3480
  • Take profit 1: 1.3355
  • Take Profit 2: 1.3240
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Fundamental Trading

Analysis of Disney

Despite this year's market decline, Walt Disney looked set to thrive in 2022.






Our Analysis:


As long as the price is below 97.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 86.44
  • Take Profit 1: 80.00
  • Take Profit 2: 70.00


Alternative scenario:


If the level of 97.00 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 97.00
  • Take Profit 1: 102.00
  • Take Profit 2: 107.00
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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