Friday, February 11, 2022

Daily Trading Analysis 11.02.2022

Trading Analysis of GBP/CHF
Bank of England, Pill: the rate forecast for the coming months is uncertain.









Our Analysis:

While the price is above 1.2104, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2549
  • 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
Trading Analysis of NZD/CAD
RBNZ: New Zealand inflation expectations rose sharply in Q1.







Our Analysis:

As long as price is below 0.8615 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8452
  • 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
Fundamental Trading
Analysis of Tesla
The recent sell-off in tech stocks is gaining momentum.







Our Analysis:

As long as price is below 1002.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 903.54
  • Take Profit 1: 885.00
  • Take Profit 2: 816.00

Alternative scenario:

If the level of 1002.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1002.00
  • Take Profit 1: 1050.00
  • Take Profit 2: 1175.00
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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