Daily Trading Analysis 16.09.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Switzerland’s central bank chief insisted that any move -- likely also to be an increase in borrowing costs -- will be determined with the most current data that will then be available. Our Analysis: While the price is below 1.1300, follow the recommendations below: me frame: D1 Recommendation: short position Entry point: 1.1022 Take Profit 1: 1.0900 Take Profit 2: 1.0700 Alternative scenario: If the level of 1.1300 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1300 Take profit 1: 1.1530 Take profit 2: 1.1650 Learn More Trading Analysis of NZD/CAD The New Zealand economy grew faster than investors were expecting in the second quarter of the year, raising bets the Reserve Bank of New Zealand (RBNZ) has scope to raise interest rates further. Our Analysis: As long as the price is below 0.8030 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7879 Take Profit 1: 0.7850 Take Profit 2: 0.7800 Alternative scenario: If the level of 0.8030 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 0.8030 Take profit 1: 0.8125 Take profit 2: 0.8180 Learn More Fundamental Trading Analysis of Tesla Tesla, a pioneer in electric vehicle manufacturing, is exploring the possibility of setting up a lithium hydroxide processing plant for batteries on the Gulf Coast in Texas or Louisiana, according to a late August filing for Texas property tax incentives. Our Analysis: As long as the price is above 298.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 302.79 Take Profit 1: 308.00 Take Profit 2: 315.00 Alternative scenario: If the 298.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 298.00 Take Profit 1: 290.00 Take Profit 2: 285.00 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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