Thursday, November 24, 2022

Daily Trading Analysis 24.11.2022

Trading Analysis of GBP/CAD

UK Autumn Budget to influence BOE's policy outlook.








Our Analysis:


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

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.6126
  • Take Profit 1: 1.6200
  • Take Profit 2: 1.6400


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

Statements by officials of the European central bank maintain the environment that ECB should follow a more aggressive policy in future interest rate increases.




Our Analysis:


As long as the price is above 1.3700 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.3904
  • Take Profit 1: 1.4000
  • Take Profit 2: 1.4100


Alternative scenario:


If the level of 1.3700 is broken-down, follow the recommendations below: 

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3700
  • Take profit 1: 1.3600
  • Take Profit 2: 1.3400
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Fundamental Trading

Analysis of Disney

A change in management usually does not get much media attention, even at the biggest and most significant companies in the market.




Our Analysis:


As long as the price is above 91.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 98.76
  • Take Profit 1: 107.00
  • Take Profit 2: 112.00


Alternative scenario:


If the level of 91.00 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 91.00
  • Take Profit 1: 86.00
  • Take Profit 2: 80.00
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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