Daily Trading Analysis 30.03.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD UK credit and money supply data published on Wednesday mostly came out weaker than expected, indicating a continued tightening of financial conditions. The unexpected exception was the number of approved mortgage applications.  Our Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6691 Take Profit 1: 1.6900 Take Profit 2: 1.7100 Alternative scenario: If level 1.6550 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6550 Take profit 1: 1.6400 Take Profit 2: 1.6250 Learn More Trading Analysis of EUR/CAD Bank of Canada (BOC) Deputy Governor Toni Gravelle said on Wednesday that the BOC is ready to act in the case of severe market-wide stress and provide liquidity support to the financial system, as reported by Reuters. Our Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4686 Take Profit 1: 1.5000 Take Profit 2: 1.5200 Alternative scenario: If the level of 1.4650 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 1.4650 Take profit 1: 1.4500 Take Profit 2: 1.4385 Learn More Fundamental Trading Analysis of Tesla For many investors, Tesla is nothing more than an automaker. For others, it is a company of revolutionary innovation, which in reality can rather be compared to technology corporations or even luxury goods manufacturers Our Analysis: As long as the price is above 167.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 193.13 Take Profit 1: 200.00 Take Profit 2: 217.00 Alternative scenario: If the level of 167.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 167.00 Take Profit 1: 154.00 Take Profit 2: 139.00 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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