Daily Trading Analysis 22.12.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The UK economy contracted by 0.3% on the quarter in the three months to September of 2022 vs. -0.2% prior, the final revision confirmed on Thursday. The market expected a reading of -0.2% in the reported period. Our Analysis: While the price is above 1.6360, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6469 Take Profit 1: 1.6700 Take Profit 2: 1.6850 Alternative scenario: If level 1.6360 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6360 Take profit 1: 1.6085 Take Profit 2: 1.5820 Learn More Trading Analysis of EUR/CAD ECB’s de Guindos: We should expect to raise interest rates at this pace for a period of time. Our Analysis: As long as the price is above 1.4130 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4464 Take Profit 1: 1.4500 Take Profit 2: 1.4600 Alternative scenario: If the level of 1.4130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4130 Take profit 1: 1.3940 Take Profit 2: 1.3740 Learn More Fundamental Trading Analysis of Disney Disney stock has fallen 39.5 percent over the past year as investors have failed to believe that the company will ever make a meaningful profit in the streaming business. Our Analysis: As long as the price is below 97.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 86.83 Take Profit 1: 85.00 Take Profit 2: 80.00 Alternative scenario: If the 97.00 level is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 97.00 Take Profit 1: 101.00 Take Profit 2: 107.00 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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