Daily Trading Analysis 25.05.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The UK's April CPI data surprised to the upside, with headline inflation and energy prices receding less than expected. Our Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6794 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 Vasle: Further interest-rate increases will be needed. Our Analysis: As short as the price is below 1.4750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4599 Take Profit 1: 1.4500 Take Profit 2: 1.4400 Alternative scenario: If the level of 1.4750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4750 Take profit 1: 1.4850 Take Profit 2: 1.4935 Learn More Fundamental Trading Analysis of Coca-Cola Due to the significant challenges faced by the restaurant sector during the pandemic, Coca-Cola also experienced a decline in sales. Our Analysis: As long as the price is above 59.00, follow the recommendations below: Time frame: D1 Recommendation:long position Entry point: 60.80 Take Profit 1: 63.00 Take Profit 2: 65.00 Alternative scenario: If the level of 59.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 59.00 Take Profit 1: 58.00 Take Profit 2: 57.00 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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