Daily Trading Analysis 02.12.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF On the Swiss franc front, investors keep an eye on Consumer Price Index (CPI) data. As the SNB is set to continue fighting excessive inflation, the EUR/CHF is unlikely to trade above parity, economists at Commerzbank report. Our Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1463 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 In its latest Quarterly Predictions, The New Zealand Institute of Economic Research (NZIER) said that rising interest rates and high inflation worldwide pose a threat to New Zealand’s economic recovery over the coming years. Our Analysis: As long as the price is above 0.8380 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8582 Take Profit 1: 0.8700 Take Profit 2: 0.8900 Alternative scenario: If the level of 0.8380 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8380 Take profit 1: 0.8275 Take profit 2: 0.8150 Learn More Fundamental Trading Analysis of Meta Platforms The technology-focused Nasdaq Composite includes hundreds of corporations, but few are as visible as those commonly named FAANG. Our Analysis: As long as the price is above 108.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 120.03 Take Profit 1: 139.00 Take Profit 2: 155.00 Alternative scenario: If the level of 108.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 108.00 Take Profit 1: 98.00 Take Profit 2: 88.00 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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