Friday, April 15, 2022

Daily Trading Analysis 15.04.2022

Trading Analysis of GBP/CHF
The pound is still at risk of falling amid the risk of more divergence between the Bank of England and the Fed policies.








Our Analysis:

While the price is above 1.2100, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2321
  • Take Profit 1: 1.2420
  • 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
Trading Analysis of NZD/CAD
Despite the RBNZ raising interest rates by 50 bps on Wednesday to strengthen its position as the most hawkish central bank in the B10, the kiwi can't get long-term momentum.


Our Analysis:

As long as price is above 0.8620 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8529
  • Take Profit 1: 0.8480
  • Take Profit 2: 0.8430

Alternative scenario:

If the level of 0.8620 is broken-out, follow the recommendations below:              
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8620
  • Take profit 1: 0.8720
  • Take profit 2: 0.8800
Fundamental Trading
Analysis of Amazon
Investors have been increasingly interested in Amazon over the past month after the e-commerce and cloud computing giant announced that it would make a 20-to-1 stock split on June 6.

Our Analysis:

As long as the price is above 2880.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 3032.00
  • Take Profit 1: 3360.00
  • Take Profit 2: 3569.00

Alternative scenario:

If the level of 2880.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2880.00
  • Take Profit 1: 2715.00
  • Take Profit 2: 2527.00
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.

No comments:

Post a Comment

PH seen to miss ʼ24 GDP growth target

From the supply side, agriculture and construction had been the main drags, and this was partly due to the weather effects of El Niño during...