Daily Trading Analysis 05.11.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Bank of England, Bailey: it is not our responsibility to guide the markets' expectations for rates. Our Analysis: While the price is below 1.2607, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2318 Take Profit 1: 1.2250 Take Profit 2: 1.2145 Alternative scenario: If the level 1.2607 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2607 Take profit 1: 1.2823 Take profit 2: 1.2951 Learn More Trading Analysis of NZD/CAD NZ unemployment in the three months to the end of September has slumped to 3.4 per cent, Stats NZ has reported. Our Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8845 Take Profit 1: 0.8900 Take Profit 2: 0.8990 Alternative scenario: If the level of 0.8650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8650 Take profit 1: 0.8502 Take profit 2: 0.8414 Learn More Fundamental Trading Analysis of Amazon Amazon shares declined after the e-commerce and cloud behemoth released its Q3 results last week. Our Analysis: As long as the price is above 3476.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3478.51 Take Profit 1: 3605.00 Take Profit 2: 3679.00 Alternative scenario: If the level of 3476.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3476.00 Take Profit 1: 3144.00 Take Profit 2: 3062.00 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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