Daily Trading Analysis 07.10.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF GBP fell for a second consecutive session on Thursday, as markets geared up for tomorrow’s non-farm payrolls (NFP) report. Our Analysis: While the price is above 1.0750, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1033 Take Profit 1: 1.1300 Take Profit 2: 1.1600 Alternative scenario: If the level of 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0750 Take profit 1: 1.0550 Take profit 2: 1.0163 Learn More Trading Analysis of NZD/CAD As expected, the Reserve Bank of New Zealand delivered a 0.50% hike, bringing the benchmark to 3.50%, its highest level since 2015. The RBNZ has now hiked rates at eight consecutive meetings and even discussed a super-size 0.75% increase at yesterday’s meeting. Our Analysis: As long as the price is below 0.7905 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7746 Take Profit 1: 0.7665 Take Profit 2: 0.7550 Alternative scenario: If the level of 0.7905 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 0.7905 Take profit 1: 0.7980 Take profit 2: 0.8050 Learn More Fundamental Trading Analysis of ExxonMobil ExxonMobil expects strong results in Q3. The oil giant recently gave investors a preview of those numbers. Our Analysis: As long as the price is above 95.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 101.91 Take Profit 1: 106.00 Take Profit 2: 110.00 Alternative scenario: If the 95.00 level is broken-down, follow the recommendations below:     Time frame: D1 Recommendation: short position Entry point: 95.00 Take Profit 1: 90.00 Take Profit 2: 84.00 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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