Daily Trading Analysis 03.09.2021

Technical & Fundamental analysis

Trading Analysis of NZD/CAD National Bank of Canada analysts say GDP growth should accelerate to an acceptable level in the third quarter, supported by commodity prices and weakening health care measures. Our Analysis: As long as price is above 0.8679 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8928 Take Profit 1: 0.9000 Take Profit 2: 0.9102 Alternative scenario: If the level of 0.8679 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 0.8679 Take profit 1: 0.8502 Take profit 2: 0.8397 Learn More Trading Analysis of NZD/CHF RBNZ seeks to tighten mortgage lending rules ahead of rate decision. Our Analysis: While the price is above 0.6306, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6504 Take Profit 1: 0.6636 Take Profit 2: 0.6718 Alternative scenario: If the level 0.6306 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6306 Take profit 1: 0.6169 Take Profit 2: 0.6087 Learn More Fundamental Trading Analysis of IBM  International Business Machines continues to transform itself into more of a cloud computing company. Since it acquired Red Hat a couple of years ago, it has increasingly distinguished itself as a hybrid cloud leader. In addition, the spin-off of the managed infrastructure services business may allow IBM to focus solely on that growth. Our Analysis: As long as the price is below 142.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.01 Take Profit 1: 135.60  Take Profit 2: 133.90 Alternative scenario: If the level of 142.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 142.30 Take Profit 1: 145.20 Take Profit 2: 147.10 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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