Daily Trading Analysis 14.01.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The SNB said it has successfully tested the use of digital currency to settle transactions with leading investment banks. Our Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2493 Take Profit 1: 1.2654 Take Profit 2: 1.2884 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 Reserve Bank of New Zealand has confirmed that former deputy governor Geoff Bascand left the bank a week earlier than agreed to over a breach of protocol. Our Analysis: As long as price is above 0.8542 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.85575 Take Profit 1: 0.8670 Take Profit 2: 0.8765 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 Amazon In 2020, online commerce businesses thrived due to the pandemic and corresponding government lockdown orders. That was the momentum with which Amazon, one of the biggest players in the industry, began 2021. Nevertheless, the tech giant lagged the market last year, and some aspects probably contributed to Amazon's poor performance in 2021.  Our Analysis: As long as the price is below 3427.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3222.00 Take Profit 1: 3069.00 Take Profit 2: 2995.00 Alternative scenario: If the level of 3427.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 3427.00 Take Profit 1: 3553.00 Take Profit 2: 3630.00 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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