Daily Trading Analysis 08.07.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Mann: Uncertainty over inflation strengthens the case for an outpacing rate hike. Our Analysis: While the price is below 1.1860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1695 Take Profit 1: 1.1585 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1860 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1860 Take profit 1: 1.2000 Take profit 2: 1.2200 Learn More Trading Analysis of NZD/CAD The RBNZ is set for a third consecutive 50-bp rate hike next Wednesday - Reuters. Our Analysis: As long as the price is below 0.8165 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8017 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 Coca-Cola Coca-Cola stock is up 6.3% in the first half of 2022, according to S&P Global Market Intelligence, as the beverage maker is handling the inflation-ridden market with skill. Our Analysis: As long as the price is above the 62.50 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 62.84 Take Profit 1: 64.00 Take Profit 2: 66.00 Alternative scenario: If the level of 62.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 62.50 Take Profit 1: 61.00 Take Profit 2: 59.60 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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