Daily Trading Analysis 05.08.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Bank of England plans largest rate hike in 27 years - Commerzbank. Our Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1611 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 Learn More Trading Analysis of NZD/CAD Stronger labor force participation should keep Canadian unemployment steady at 4.9% - TDS. Our Analysis: As long as the price is above 0.8050 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8099 Take Profit 1: 0.8180 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8050 Take profit 1: 0.7950 Take profit 2: 0.7900 Learn More Fundamental Trading Analysis of Amazon All eyes were on Amazon last week as the e-commerce giant released its earnings for Q2 of 2022. After surging for several quarters during the pandemic, things have now deteriorated. Our Analysis: As long as the price is above the 133.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.36 Take Profit 1: 145.00 Take Profit 2: 150.00 Alternative scenario: If the level of 133.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 133.00 Take Profit 1: 125.00 Take Profit 2: 119.00 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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