Daily Trading Analysis 15.02.2024

Technical & Fundamental analysis

Trading Analysis of GBP/CAD BoE's Bailey: Inflation to come down to target by spring.  Our Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7021 Take Profit 1: 1.7200 Take Profit 2: 1.7300 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6900 Take profit 1: 1.6800 Take Profit 2: 1.6700 Learn More Trading Analysis of EUR/CAD ECB's de Guindos: While we are heading in the right direction, we must not get ahead of ourselves. Our Analysis: As long as the price is below 1.4700 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4533 Take Profit 1: 1.4400 Take Profit 2: 1.4300 Alternative scenario: If the level of 1.4700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4700 Take profit 1: 1.4800 Take Profit 2: 1.4900 Learn More Fundamental Trading Analysis of Verizon Telecom giant Verizon Communications navigated a tumultuous year, mirrored by fluctuations in its stock price. Our Analysis: As long as the price is above 39.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 39.97 Take Profit 1: 43.00 Take Profit 2: 46.00 Alternative scenario: If the level of 39.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 39.00 Take Profit 1: 37.00 Take Profit 2: 35.00 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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