Friday, November 26, 2021

Daily Trading Analysis 26.11.2021

Trading Analysis of GBP/CHF
UK economic activity remained strong in November despite supply shortages and rising price pressures, according to closely watched business surveys that will reinforce the case for the Bank of England to raise interest rates in December.



Our Analysis:

While the price is below 1.2607, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2397
  • Take Profit 1: 1.2300
  • 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
Trading Analysis of NZD/CAD
RBNZ, Hoxby: continued stimulus winding down is needed.







Our Analysis:

As long as price is above 0.8650 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8668
  • Take Profit 1: 0.8750
  • Take Profit 2: 0.8900

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
Fundamental Trading
Analysis of Amazon
In case you haven't been paying attention to Amazon over the past half-decade, it has been building a huge logistics network across the United States.



Our Analysis:

As long as the price is above 3439.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 3579.00
  • Take Profit 1: 3914.00
  • Take Profit 2: 4014.00

Alternative scenario:

If the level of 3439.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 3439.00
  • Take Profit 1: 3279.00
  • Take Profit 2: 3179.00
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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