Daily Trading Analysis 18.05.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Andrew Bailey has acknowledged for the first time that the Bank of England is dealing with a UK wage-price spiral as he pledged to lift interest rates as far “as necessary” to get inflation back to the bank’s 2 percent target. Our Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6802 Take Profit 1: 1.7150 Take Profit 2: 1.7400 Alternative scenario: If level 1.6650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6650 Take profit 1: 1.6410 Take Profit 2: 1.6245 Learn More Trading Analysis of EUR/CAD ECB’s de Cos: Stickier inflation to choke growth outlooks – MNI. Our Analysis: As short as the price is below 1.4850 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4598 Take Profit 1: 1.4580 Take Profit 2: 1.4500 Alternative scenario: If the level of 1.4850 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4850 Take profit 1: 1.4935 Take Profit 2: 1.5000 Learn More Fundamental Trading Analysis of AT&T The stock price of AT&T has been declining for the past decade, leading many investors to perceive it as a cheap stock. Our Analysis: While the price is below 17.70, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 16.59 Take Profit 1: 16.00 Take Profit 2: 15.00 Alternative scenario: If level 17.70 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 17.70 Take Profit 1: 18.70 Take Profit 2: 19.50 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org