Daily Trading Analysis 08.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Bank of England Chief Economist Hugh Pill said on Thursday that it cannot be taken for granted that monetary policy tools such as QE are also the right ones to address market dysfunction, according to Reuters. Our Analysis: While the price is above 1.2250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2206 Take Profit 1: 1.2530 Take Profit 2: 1.2654 Alternative scenario: If the level 1.2250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2250 Take profit 1: 1.2144 Take profit 2: 1.2027 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: 0.8660 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 Twitter Twitter's stock price rose 27% on Monday after Elon Musk announced that he would buy a 9.2% stake in the company for about $2.9 billion.  Our Analysis: As long as the price is above the 46.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 47.96 Take Profit 1: 54.00 Take Profit 2: 58.00 Alternative scenario: If the 46.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 46.00  Take Profit 1: 41.00 Take Profit 2: 37.00 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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