Daily Trading Analysis 22.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD The recently released May CPI report in the UK brings more bad news, as the month-on-month (MoM) gain in CPI is 0.7%, surpassing the expected 0.4% increase. Consequently, the annual rate remains unchanged at 8.7% instead of the anticipated decline to 8.4%. Our Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6790 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 Hawkish ECB comments are supporting the Euro – Scotiabank. Our Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4458 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 Tesla Tesla's shares have been on a remarkable upward trajectory as of late, exhibiting a predominantly one-directional movement. Our Analysis: As long as the price is above 242.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 258.51 Take Profit 1: 276.00 Take Profit 2: 295.00 Alternative scenario: If the level of 242.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 242.00 Take Profit 1: 223.00 Take Profit 2: 207.00 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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