Daily Trading Analysis 04.02.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Bank of England Governor Bailey: after Covid-adjusted, underlying wage growth is stronger than might have been expected. Our Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2510 Take Profit 1: 1.2654 Take Profit 2: 1.2760 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 Kiwi has been declining in recent months. Analysts at MUFG Bank expect the currency to recover in 2022, as the RBNZ has plenty of room for rate hikes. Our Analysis: As long as price is below 0.8615 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8459 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 Ethereum Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, which at the time of writing is over $314 billion. Our Analysis: As long as the price is above 3050.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2766.00 Take Profit 1: 2115.00 Take Profit 2: 1340.00 Alternative scenario: If the level of 3050.00 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 3050.00 Take Profit 1: 4065.00 Take Profit 2: 4870.00 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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