Friday, June 10, 2022

Daily Trading Analysis 10.06.2022

Trading Analysis of GBP/CHF
Bank of England to raise rate again by 25bp next week - UOB.










Our Analysis:

While the price is above 1.2125, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2212
  • Take Profit 1: 1.2300
  • Take Profit 2: 1.2400

Alternative scenario:

If the level 1.2125 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2125
  • Take profit 1: 1.2075
  • Take profit 2: 1.2000
Trading Analysis of NZD/CAD
New Zealand Finance Minister: The RBNZ will continue to be an inflation-fighting bank.






Our Analysis:

As long as the price is above 0.8080 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8155
  • Take Profit 1: 0.8250
  • Take Profit 2: 0.8350

Alternative scenario:

If the level of 0.8080 is broken-down, follow the recommendations below:   
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8080
  • Take profit 1: 0.8020
  • Take profit 2: 0.7950
Fundamental Trading
Analysis of Microsoft
Many investors are understandably wary of technology sector stocks at this time.






Our Analysis:

As long as the price is above the 262.50 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 264.65
  • Take Profit 1: 277.00
  • Take Profit 2: 291.00

Alternative scenario:

If the level of 262.50 is broken-down, follow the recommendations below: 
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 262.50
  • Take Profit 1: 253.00
  • Take Profit 2: 246.00
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.

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