Daily Trading Analysis 23.12.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF SNB: Situation in Switzerland will be of greater significance for the FX market – Commerzbank. Our Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1211 Take Profit 1: 1.1350 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1070 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1070 Take profit 1: 1.1090 Take profit 2: 1.0600 Learn More Trading Analysis of NZD/CAD TD Securities analysts noted that a sufficiently weak growth context in late 2022 and early 2023 might be enough to keep the Bank of Canada (BOC) on hold in January. Analysts, however, added that the latest inflation data should ever so slightly ratchet up the pressure on the BOC. Our Analysis: As long as the price is above 0.8550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8562 Take Profit 1: 0.8730 Take Profit 2: 0.8800 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: 0.8430 Take profit 2: 0.8350 Learn More Fundamental Trading Analysis of Meta Platforms As Meta Platforms stock has fallen more than 60% over the past 12 months, many investors are probably taking a closer look at the company. Our Analysis: As long as the price is above 108.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 116.73 Take Profit 1: 124.00 Take Profit 2: 138.00 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: 97.00 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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