Daily Trading Analysis 01.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Scotiabank economists expect the cable to move lower as the Bank of England has little room to restore monetary policy expectations. Our Analysis: While the price is above 1.2100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.22112 Take Profit 1: 1.2295 Take Profit 2: 1.2530 Alternative scenario: If the level 1.2100 is broken-down, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 1.2100 Take profit 1: 1.2027 Take profit 2: 1.1920 Learn More Trading Analysis of NZD/CAD The Kiwi gets support from the outlook for commodity prices in New Zealand and the RBNZ rate forecast. Our Analysis: As long as price is above 0.8620 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8657 Take Profit 1: 0.8720 Take Profit 2: 0.8800 Alternative scenario: If the level of 0.8620 is broken-down, follow the recommendations below:                Time frame: D1 Recommendation: short position Entry point: 0.8640 Take profit 1: 0.8550 Take profit 2: 0.8480 Learn More Fundamental Trading Analysis of Amazon Few companies have made more of an impact on consumers' daily lives over the past two decades than Amazon. The company has gone from an online bookstore to a one-stop store for just about anything.  Our Analysis: As long as the price is above 3185.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3264.00 Take Profit 1: 3420.00 Take Profit 2: 3760.00 Alternative scenario: If the level of 3185.00 is broken-down, follow the recommendations below:     Time frame: D1 Recommendation: short position Entry point: 3185.00 Take Profit 1: 2980.00 Take Profit 2: 2815.00 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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