Daily Trading Analysis 13.05.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England's updated macro forecast now reflects a negative GDP trajectory in 2023, with the bank now assuming a -0.25% fall, rather than the 1.25% fall previously. A key factor in the worsening growth trajectory is the most aggressive correction in real household disposable income in recorded history. Our Analysis: While the price is below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2239 Take Profit 1: 1.2100 Take Profit 2: 1.1980 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 A review of the RBNZ inflation expectations for the second quarter reveals a slowdown in some indicators. Notably, the 2-year forward indicator was unchanged, as was the 10-year forward indicator, suggesting that expectations may be at or near their peak. Our Analysis: As long as price is below 0.8350 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8128 Take Profit 1: 0.8050 Take Profit 2: 0.7950 Alternative scenario: If the level of 0.8350 is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 0.8350 Take profit 1: 0.8500 Take profit 2: 0.8575 Learn More Fundamental Trading Analysis of eBay eBay is still working to provide favorable ground. The online retailer recently reported another quarter of weakening growth numbers as e-commerce slows after a surge in demand in 2021. In addition, management predicts further declines in 2022. Our Analysis: As long as the price is below the 50.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 46.05 Take Profit 1: 43.00 Take Profit 2: 40.00 Alternative scenario: If the level of 50.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 50.00 Take Profit 1: 54.00 Take Profit 2: 60.00 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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