Daily Trading Analysis 01.07.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The near-term trajectory of the pound is shifted to the downside, although it is correcting quite decently. The Bank of England plus fiscal support could help strengthen the pound. Our Analysis: While the price is below 1.2000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1646 Take Profit 1: 1.1585 Take Profit 2: 1.1500 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 Learn More Trading Analysis of NZD/CAD Canada: Real GDP rose 0.3% in April as expected. Our Analysis: As long as the price is below 0.8165 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8026 Take Profit 1: 0.7950 Take Profit 2: 0.7900 Alternative scenario: If the level of 0.8165 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8165 Take profit 1: 0.8250 Take profit 2: 0.8350 Learn More Fundamental Trading Analysis of Meta Platforms There have been some notable changes in the annual update of the popular Russell 1000 Index. One of them for investors is the increase in the weight of Meta Platforms, onetime Facebook, in the Russell 1000 Value Index. Our Analysis: As long as the price is below the 179.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 163.58 Take Profit 1: 153.00 Take Profit 2: 140.00 Alternative scenario: If the level of 179.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 179.00 Take Profit 1: 202.00 Take Profit 2: 224.00 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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