Daily Trading Analysis 14.10.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Data released on Wednesday showed that Britain’s economy unexpectedly contracted in August, but economists still expect the BoE to continue to raise interest rates, in fighting the red-hot inflation, with wide expectations for 0.75% hike and 1% raise also being on the table. 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 1.0900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0900 Take profit 1: 1.0600 Take profit 2: 1.0400 Learn More Trading Analysis of NZD/CAD Last week the RBNZ met and it kept to its hawkish path. The board debated that it may have needed to hike by 75bps (it stuck to 50bps in the end), worried the weak NZD was an inflation risk and expected to keep hiking rates. This strengthened the outlook for the NZD going forward. Our Analysis: As long as the price is below 0.7905 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7747 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 Disney It was a week of price increases at Disney World. Our Analysis: As long as the price is below 100.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 96.29 Take Profit 1: 91.00 Take Profit 2: 85.00 Alternative scenario: If the level of 100.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 100.00 Take Profit 1: 104.00 Take Profit 2: 109.00 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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