Daily Trading Analysis 13.01.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The industrial sector faded its recovery momentum in November, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday. Our Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1342 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If the level of 1.1100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1100 Take profit 1: 1.1000 Take profit 2: 1.0900 Learn More Trading Analysis of NZD/CAD Heading into 2023, the outlook for the Canadian consumer in particular suggests a further downshift in growth may be forthcoming. Amid rapid inflation, real household disposable incomes are falling, which should restrain consumer spending. Rising interest rates should also weigh on the housing sector and broader consumer activity. The outlook for business activity and investment has also become more uncertain. Altogether, we forecast a mild recession in Canada in the first half of 2023. Our Analysis: As long as the price is below 0.8620 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8533 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8620 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8620 Take profit 1: 0.8730 Take profit 2: 0.8800 Learn More Fundamental Trading Analysis of Procter & Gamble Investors counting on a significant discount to Procter & Gamble stock are unlikely to be satisfied. Our Analysis: As long as the price is above 141.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.67 Take Profit 1: 155.00 Take Profit 2: 160.00 Alternative scenario: If the level of 141.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 141.00 Take Profit 1: 138.00 Take Profit 2: 135.00 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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