Daily Trading Analysis 20.05.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Escalating UK inflation and continued labor market tensions, at least in the near term, are changing the trends of the yield spread. Our Analysis: While the price is below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2121 Take Profit 1: 1.2050 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 The kiwi is supported by a massive jump in the pace of quarterly producer price inflation (PPI), according to a report released during Thursday's Asia-Pacific session. Producer prices rose 3.6% in Q1, while output prices rose 2.6%, with the latest spike in price pressure interpreted by market participants as increasing the possibility of a second straight 50 bps rate hike from the RBNZ next week (rates are expected to rise to 2.0%).  Our Analysis: As long as price is below 0.8350 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8194 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 Bitcoin Many people know that a correction of more than 20% is nothing new for bitcoin. Throughout history, it has experienced more significant corrections than the current one. Our Analysis: As long as the price is below 34300.00, follow the recommendations below: Time frame: D1 Recommendation: Short position Entry point: 29875.00 Take Profit 1: 25000.00 Take profit 2: 23000.00 Alternative scenario: If the level of 34300.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 34300.00 Take Profit 1: 41800.00 Take Profit 2: 45600.00 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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