Daily Trading Analysis 26.08.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The rebound in risk interest and rising UK yields are not providing support for the pound - MUFG. Our Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1378 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 Adrian Orr, governor of the Reserve Bank of New Zealand, said he believes the regulator will hold at least a couple more interest rate hikes. This was reported by Bloomberg TV's coverage of Jackson Hole. Our Analysis: As long as the price is above 0.8000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8025 Take Profit 1: 0.8180 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8000 Take profit 1: 0.7950 Take profit 2: 0.7900 Learn More Fundamental Trading Analysis of Home Depot On Tuesday, August 16, Home Depot reported its financial results for Q2 of the fiscal year 2022. Notably, the home improvement retailer posted the highest quarterly sales and profits in the company's history. Our Analysis: As long as the price is above 296.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 309.48 Take Profit 1: 316.00 Take Profit 2: 329.00 Alternative scenario: If the level of 296.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 296.00  Take Profit 1: 290.00 Take Profit 2: 280.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org