Daily Trading Analysis 01.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The Bank of England will be far more aggressive in policy tightening than previously thought as it battles to contain stubbornly-high inflation running at the joint-highest rate among Group of Seven advanced economies, a Reuters poll found.  Our Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6868 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 Lane: Food inflation will reverse later this year. Our Analysis: As short as the price is below 1.4750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4491 Take Profit 1: 1.4400 Take Profit 2: 1.4300 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 JPMorgan Chase Over the last few months, the stock market for banks has experienced significant fluctuations, driven by various factors such as interest rates, economic conditions, and notable bank failures. Our Analysis: As long as the price is above 132.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 135.39 Take Profit 1: 144.00 Take Profit 2: 150.00 Alternative scenario: If the level of 132.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 132.00  Take Profit 1: 128.00 Take Profit 2: 123.00 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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