Daily Trading Analysis 11.03.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The SNB said it is taking control of the overall currency situation and that individual currency pairs do not play a special role. Our Analysis: While the price is below 1.2340, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2162 Take Profit 1: 1.2144 Take Profit 2: 1.2027 Alternative scenario: If the level 1.2340 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2340 Take profit 1: 1.2530 Take profit 2: 1.2654 Learn More Trading Analysis of NZD/CAD Commodity prices remain favorable for the kiwi, but stagflation risks and the impending FOMC meeting make up for it. Our Analysis: As long as price is above 0.8640 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8745 Take Profit 1: 0.8810 Take Profit 2: 0.8910 Alternative scenario: If the level of 0.8640 is broken-down, follow the recommendations below:              Time frame: D1 Recommendation: short position Entry point: 0.8640 Take profit 1: 0.8545 Take profit 2: 0.8400 Learn More Fundamental Trading Analysis of Amazon Amazon announced Wednesday night that its stock will be split 20-to-1, the first time it has split $3,000 worth of stock since September 1999! Our Analysis: As long as the price is above 2895.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2937.00 Take Profit 1: 3080.00 Take Profit 2: 3275.00 Alternative scenario: If the level of 2895.00 is broken-down, follow the recommendations below:       Time frame: D1 Recommendation: short position Entry point: 2895.00 Take Profit 1: 2765.00 Take Profit 2: 2670.00 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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