Daily Trading Analysis 15.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD Sterling faces downside risks as concerns over growth arise in the UK – MUFG.  Our Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6870 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 The ECB is set to increase its benchmark policy rate by another 25 basis points when it meets Thursday and is expected to say that future rate decisions will be data-dependent as uncertainty weighs on the inflation and growth outlook. Our Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4428 Take Profit 1: 1.4300 Take Profit 2: 1.4200 Alternative scenario: If the level of 1.4600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4600 Take profit 1: 1.4850 Take Profit 2: 1.4935 Learn More Fundamental Trading Analysis of Johnson & Johnson Did you know that by earning an average annual return of 14%, a $20,000 investment can grow to $1,000,000 in 30 years? Our Analysis: While the price is above 159.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.50 Take Profit 1: 171.00 Take Profit 2: 175.50 Alternative scenario: If level 159.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00 Take Profit 1: 154.50 Take-profit 2: 152.00 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.

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