Daily Trading Analysis 10.09.2021

Technical & Fundamental analysis

Trading Analysis of NZD/CAD Bank of Canada, Macklem: timing of the decline will depend on the development of the economy. Our Analysis: As long as price is above 0.8776 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.9001 Take Profit 1: 0.9100 Take Profit 2: 0.9284 Alternative scenario: If the level of 0.8776 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 0.8776 Take profit 1: 0.8595 Take profit 2: 0.8487 Learn More Trading Analysis of NZD/CHF Swiss National Bank (SNB) deputy governor Fritz Zurbrügg confirmed on Wednesday that the Swiss franc is valued high at current exchange levels, Reuters reported. Our Analysis: While the price is above 0.6391, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6512 Take Profit 1: 0.6600 Take Profit 2: 0.6706 Alternative scenario: If the level 0.6391 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6391 Take profit 1: 0.6253 Take Profit 2: 0.6171 Learn More Fundamental Trading Analysis of Intel  Intel was hit hard by rival Advanced Micro Devices in the x86 (central processing unit) processor market, losing share in servers and PC processors thanks to the latter's technological advantage. Our Analysis: As long as the price is above the 52.50 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 53.65 Take Profit 1: 55.50 Take Profit 2: 56.20 Alternative scenario: If the level of 52.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 52.50 Take Profit 1: 51.20 Take Profit 2: 50.40 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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