Daily Trading Analysis 12.11.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Analysts are confident that the Bank of England's policy in 2022 will be more contingent than markets suggest, which are pricing in a 95bp rate hike over the next 12 months. Our Analysis: While the price is below 1.2607, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2305 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 CIBC analysts believe that the Bank of Canada will hike the rate twice in the next year and 3 times in 2023. This is a less aggressive tightening than what has been priced in. Our Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8824 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 Walmart The international retail titan will report its earnings for the third quarter of the fiscal year 2022 as early as next Tuesday. Our Analysis: As long as the price is above 146.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 148.39 Take Profit 1: 156.10 Take Profit 2: 158.20 Alternative scenario: If the level of 146.90 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 146.90 Take Profit 1: 143.50 Take Profit 2: 141.50 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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