Friday, July 15, 2022

Daily Trading Analysis 15.07.2022

Trading Analysis of GBP/CHF
The British pound has weakened over the past month as growing economic pressures worsen the outlook. Economists at the National Bank of Canada expect that the British pound's appreciation will remain limited in the near term.


Our Analysis:

While the price is below 1.1750, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1618
  • Take Profit 1: 1.1500
  • Take Profit 2: 1.1400

Alternative scenario:

If the level of 1.1750 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1750
  • Take profit 1: 1.1860
  • Take profit 2: 1.2000
Trading Analysis of NZD/CAD
New Zealand: RBNZ raises OCR to 2.50% in July - UOB.







Our Analysis:

As long as the price is below 0.8165 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8035
  • 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
Fundamental Trading
Analysis of Cveron
Crude oil prices have declined significantly in recent weeks.






Our Analysis:

As long as the price is below 145.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 135.77
  • Take Profit 1: 132.50
  • Take Profit 2: 128.00

Alternative scenario:

If the level of 145.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 145.00
  • Take Profit 1: 152.00
  • Take Profit 2: 158.00
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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