Daily Trading Analysis 21.10.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Yesterday UK prime minister Liz Truss resigned after merely 44 days in office, making her the shortest serving prime minister in UK history. EUR/GBP moved back below 0.87 and 10Y gilt yields have dropped close to levels before Truss's contentious tax cut plan was announced. Our Analysis: While the price is above 1.0900, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1261 Take Profit 1: 1.1400 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 New Zealand’s main opposition National Party doesn’t want the government to reappoint Reserve Bank Governor Adrian Orr for another five-year term, preferring a 12-month extension until after the 2023 election. Our Analysis: As long as the price is below 0.7905 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7799 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 While most tech companies thrived during the pandemic thanks to consumers at home investing in the new office and entertainment equipment, players like Disney suffered significant losses due to movie theater and theme park closures. Our Analysis: As long as the price is below 100.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 98.18 Take Profit 1: 92.00 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: 105.00 Take Profit 2: 110.00 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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