Daily Trading Analysis 19.11.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Bank of England interest rate decision still on a knife-edge despite rise in inflation. Our Analysis: While the price is below 1.2607, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2490 Take Profit 1: 1.2400 Take Profit 2: 1.2250 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 The promise of monetary policy normalization should support the NZD - CIBC Capital Markets. Our Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8864 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 Tesla Recently, the management of electric vehicle (EV) manufacturer Tesla made headlines again after CEO Elon Musk carried out a poll on whether he should sell 10% of Tesla stock. Our Analysis: As long as the price is above 919.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1054.73 Take Profit 1: 1189.00 Take Profit 2: 1256.00 Alternative scenario: If the 919.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 919.00 Take Profit 1: 814.00 Take Profit 2: 751.00 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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