Friday, June 17, 2022

Daily Trading Analysis 17.06.2022

Trading Analysis of GBP/CHF
Bank of England: Another increase in August and then a pause - Rabobank.










Our Analysis:

While the price is below 1.2000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1920
  • Take Profit 1: 1.1800
  • Take Profit 2: 1.1700

Alternative scenario:

If the level of 1.2000 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2000
  • Take profit 1: 1.2200
  • Take profit 2: 1.2300
Trading Analysis of NZD/CAD
A 1% drop in WTI oil prices amid risk aversion and a potential increase in Russian oil production has a negative impact on the resource-linked Canadian dollar.



Our Analysis:

As long as the price is above 0.8080 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8214
  • 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 Twitter
Twitter set ambitious growth goals during its presentation to analysts in February 2021.






Our Analysis:

As long as the price is above the 35.50 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 37.07
  • Take Profit 1: 40.70
  • Take Profit 2: 44.50

Alternative scenario:

If the level of 35.50 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 35.50
  • Take Profit 1: 32.00
  • Take Profit 2: 30.00
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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