Daily Trading Analysis 21.01.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF While CHF head Jordan at a press conference in December again called the CHF overvalued and said he was ready to intervene, he also noted that a rise in the national currency could limit import prices.. Our Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2426 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 Scotiabank analysts believe the Bank of Canada will raise its key interest rate to 2% by the end of 2022. Our Analysis: As long as price is below 0.8615 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8426 Take Profit 1: 0.8350 Take Profit 2: 0.8298 Alternative scenario: If the level of 0.8615 is broken-out, follow the recommendations below::          Time frame: D1 Recommendation: long position Entry point: 0.8615 Take profit 1: 0.8753 Take profit 2: 0.8835 Learn More Fundamental Trading Analysis of Microsoft On Tuesday, Microsoft announced its intention to acquire video game giant Activision Blizzard in a deal worth $75 billion, or $68.7 billion based on Activision's net cash position.  Our Analysis: As long as the price is below 322.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 301.00 Take Profit 1: 284.00 Take Profit 2: 275.00 Alternative scenario: If the level of 322.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 322.00 Take Profit 1: 337.00 Take Profit 2: 346.00 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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