Daily Trading Analysis 04.11.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF FX traders pounded the Sterling, the British currency, after the Bank of England raised rates by 75 basis points to 3% as expected but warned that it expected a recession in the UK to last for all of 2023. Our Analysis: While the price is above 1.1200, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1328 Take Profit 1: 1.1600 Take Profit 2: 1.1965 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1200 Take profit 1: 1.0900 Take profit 2: 1.0600 Learn More Trading Analysis of NZD/CAD New Zealand central bank Governor Adrian Orr said on Thursday he was confident the central bank can get inflation under control as the country battles a tight labor market. Our Analysis: As long as the price is above 0.7800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7941 Take Profit 1: 0.7980 Take Profit 2: 0.8050 Alternative scenario: If the level of 0.7800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7800 Take profit 1: 0.7665 Take profit 2: 0.7550 Learn More Fundamental Trading Analysis of Walmart Retail giant Walmart is taking one of its most successful billion-dollar brands and completely revamping it to better represent "inclusiveness, body positivity and styles that prioritize comfort and confidence." Our Analysis: As long as the price is above 135.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.64 Take Profit 1: 143.00 Take Profit 2: 150.00 Alternative scenario: If the level of 135.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 135.00 Take Profit 1: 130.00 Take Profit 2: 125.00 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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