Daily Trading Analysis 29.04.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The interest rate will reach three percent as the Bank of England is poised for another hike next week. Our Analysis: While the price is below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2149 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: If the level 1.2275 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2275 Take profit 1: 1.2400 Take profit 2: 1.2500 Learn More Trading Analysis of NZD/CAD Expectations are up in New Zealand, but given that a 125bp increase is already priced in (compared to 25 in the US) and a 4.13% OCR peak is already expected by the end of 2023, there is probably less room for an increase, which in turn could limit the NZD. Our Analysis: As long as price is below 0.8470 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8312 Take Profit 1: 0.8250 Take Profit 2: 0.8170 Alternative scenario: If the level of 0.8470 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8470 Take profit 1: 0.8575 Take profit 2: 0.8670 Learn More Fundamental Trading Analysis of Johnson & Johnson Healthcare company Johnson & Johnson remains a favorite of dividend-oriented investors. Its consistently outstanding performance in each quarter, despite market volatility and macroeconomic uncertainty, shows how well it manages its business. Our Analysis: As long as the price is above 174.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 183.33 Take Profit 1: 187.00 Take Profit 2: 190.00 Alternative scenario: If the level of 174.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 174.00 Take Profit 1: 167.90 Take-profit 2: 162.60 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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