Daily Trading Analysis 16.12.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF British Pound eyes further downside ahead of United Kingdom statistics. Our Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1301 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 - The quarterly GDP data for Q3 of CY2022 has been recorded at 2.0%, higher than the expectations of 0.9% and the prior release of 1.7%. No doubt, a stellar expansion in NZ economic activities is going to provide a cushion to the New Zealand Dollar but will accelerate inflation risks ahead. Our Analysis: As long as the price is above 0.8550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8674 Take Profit 1: 0.8800 Take Profit 2: 0.8900 Alternative scenario: If the level of 0.8550 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8550 Take profit 1: 0.8275 Take profit 2: 0.8150 Learn More Fundamental Trading Analysis of Microsoft Microsoft is one of the most diverse technology companies in the world, with market-leading positions in many industries. Our Analysis: As long as the price is above 240.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 248.87 Take Profit 1: 263.00 Take Profit 2: 275.00 Alternative scenario: If the level of 240.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 240.00 Take Profit 1: 230.00 Take Profit 2: 220.00 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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