Daily Trading Analysis 30.12.2022

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Times’ news suggesting UK Prime Minister’s readiness for halving financial support on energy bills for businesses, amid concerns about the cost, seemed to have exerted downside pressure on GBP. Our Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1127 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 The next Bank of Canada interest rate announcement is Jan.  Our Analysis: As long as the price is above 0.8550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8571 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 Ethereum Many digital tokens have fallen 90% or more this year. Our Analysis: As long as the price is below 1270.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1190.12 Take Profit 1: 1090.00 Take Profit 2: 900.00 Alternative scenario: If the 1270.00 level is broken-out, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 1270.00 Take Profit 1: 1400.00 Take Profit 2: 1525.00 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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