Daily Trading Analysis 13.04.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Commenting on the February GDP data, UK Finance Minister Jeremy Hunt said, “economic outlook is looking brighter than expected.”  Our Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6768 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 The European Central Bank has already completed most of the interest-rate rises it needs to combat sticky underlying inflation, with the biggest impact of past increases yet to come, Governing Council member Francois Villeroy de Galhau said.  Our Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4757 Take Profit 1: 1.4790 Take Profit 2: 1.4940 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 Meta Platforms As you know, Johnson & Johnson has received tens of thousands of lawsuits related to talcum powder, which plaintiffs claim is causing them cancer. Our Analysis: As long as the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.70 Take Profit 1: 167.00 Take Profit 2: 171.00 Alternative scenario: If the level of 161.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.00 Take Profit 1: 158.00 Take-profit 2: 155.00 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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