Daily Trading Analysis 06.07.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CAD BoE’s Bailey: There is evidence some retailers are overcharging customers. He said that “moves by regulators on retail prices will help to lower inflation.” Our Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6891 Take Profit 1: 1.6950 Take Profit 2: 1.7150 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 Visco: More rate hikes are not the only way to curb inflation. Our Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4413 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: 1.4780 Take Profit 2: 1.4850 Learn More Fundamental Trading Analysis of Amazon Amazon has undergone a remarkable transformation since its humble beginnings as an online bookseller in 1994. Our Analysis: As long as the price is above 123.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.48 Take Profit 1: 135.00 Take Profit 2: 140.00 Alternative scenario: If the level of 123.00 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 123.00 Take Profit 1: 118.00 Take Profit 2: 113.00 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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