Daily Trading Analysis 31.12.2021

Technical & Fundamental analysis

Trading Analysis of GBP/CHF According to ING economists, the franc will continue to receive support amid an unstable risk attitude. Our Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2345 Take Profit 1: 1.2519 Take Profit 2: 1.2654 Alternative scenario: If the level 1.2104 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2104 Take profit 1: 1.1837 Take profit 2: 1.1678 Learn More Trading Analysis of NZD/CAD The stock markets are rising which levels out the effect of the oil price decline on the Loonie. Our Analysis: As long as price is above 0.8542 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8691 Take Profit 1: 0.8765 Take Profit 2: 0.8850 Alternative scenario: If the level of 0.8542 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 0.8542 Take profit 1: 0.8378 Take profit 2: 0.8280 Learn More Fundamental Trading Analysis of Pfizer Pharmaceutical giant Pfizer has been at the forefront of the industry, developing drugs to treat COVID since the pandemic began.  Our Analysis: As long as the price is above 55.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 58.44 Take Profit 1: 65.10 Take Profit 2: 67.50 Alternative scenario: If the level of 55.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 55.10 Take Profit 1: 51.10 Take Profit 2: 48.60 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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