Daily Trading Analysis 05.01.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD A monthly survey conducted by Citi and YouGov revealed on Wednesday that the British public's inflation expectations for 12 months ahead declined to 5.7% in December from 6.1% in the previous survey, as reported by Reuters. Our Analysis: While the price is below 1.6500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6245 Take Profit 1: 1.6085 Take Profit 2: 1.5820 Alternative scenario: If level 1.6500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6500 Take profit 1: 1.6700 Take Profit 2: 1.6850 Learn More Trading Analysis of EUR/CAD Canadian Dollar will dance to the tunes of Employment data. Our Analysis: As long as the price is above 1.4130 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4430 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 2022 was a very difficult year for Walt Disney Company investors.  Our Analysis: As long as the price is below 97.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 91.76 Take Profit 1: 86.00 Take Profit 2: 77.00 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: 101.00 Take Profit 2: 108.00 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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