Daily Trading Analysis 09.12.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to 3.50%, despite the economy falling into recession, as it battles inflation running at more than five times its target,” stated the latest survey from Reuters. Our Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1443 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 Deputy Governor Sharon Kozicki said in a speech in Montreal that the Bank of Canada would study the latest economic data to gauge whether or not to raise interest rates, adding it would move forcefully if necessary. Our Analysis: As long as the price is above 0.8380 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8686 Take Profit 1: 0.8800 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 Disney As we know, the Walt Disney Company is known throughout the world for its ability to give fabulous experiences to customers, which is not the case for investors. Our Analysis: As long as the price is below 100.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 92.46 Take Profit 1: 87.00 Take Profit 2: 80.00 Alternative scenario: If the 100.00 level is broken-out, follow the recommendations below:      Time frame: D1 Recommendation: long position Entry point: 100.00 Take Profit 1: 108.00 Take Profit 2: 117.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org