Daily Trading Analysis 12.08.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England looks pretty backward in terms of fighting inflation, although it is ready to tighten further despite the expected recession - Commerzbank. Our Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1401 Take Profit 1: 1.1300 Take Profit 2: 1.1200 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 RBNZ head Orr: We want the rate to be definitely above neutral. Our Analysis: As long as the price is above 0.8050 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8086 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 Apple With a market capitalization of $2.8 trillion, some investors may have a hard time realizing that Apple stock could be a good buy today. Our Analysis: As long as the price is above the 160.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 173.48 Take Profit 1: 180.00 Take Profit 2: 190.00 Alternative scenario: If the level of 160.00 is broken-down, follow the recommendations below:      Time frame: D1 Recommendation: short position Entry point: 160.00 Take Profit 1: 150.00 Take Profit 2: 140.00 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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