Friday, June 24, 2022

Daily Trading Analysis 24.06.2022

Trading Analysis of GBP/CHF
UK, Sunak: The Bank of England will act decisively.










Our Analysis:

While the price is below 1.2000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1773
  • 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
Experts are discussing upside and downside risks to their terminal outlook, and this will largely depend on how the RBNZ evaluates the outlook for economic growth versus the inflation outlook

Our Analysis:

As long as the price is above 0.8080 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8169
  • 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 Alphabet
Alphabet is one of the most closely watched technology companies in the world.






Our Analysis:

As long as the price is above 2200.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 2253.29
  • Take Profit 1: 2360.00
  • Take Profit 2: 2450.00

Alternative scenario:

If the level of 2200.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2200.00
  • Take Profit 1: 2110.00
  • Take Profit 2: 2050.00
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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