Daily Trading Analysis 27.01.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The former chief economist of the Bank of England has warned there is “more pain to come” for households and the wider economy as mortgage rate increases hit people’s bank accounts and weigh on spending. Our Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1409 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: 1.1090 Learn More Trading Analysis of NZD/CAD The Bank of Canada has raised its benchmark interest rate again, to 4.5 percent. The move was widely expected by economists as the bank tries to wrestle record-high inflation into submission. It's the eighth time in less than a year that the bank has hiked its trendsetting rate — a move that will make borrowing money more expensive. Our Analysis: As long as the price is above 0.8450 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8647 Take Profit 1: 0.8730 Take Profit 2: 0.8880 Alternative scenario: If the level of 0.8450 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8450 Take profit 1: 0.8350 Take profit 2: 0.8250 Learn More Fundamental Trading Analysis of Meta Platforms Meta Platforms, the social media giant formerly known as Facebook, became a trillion-dollar company in June 2021. Three months later, its market value peaked at $1.08 trillion.  Our Analysis: As long as the price is above 124.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 146.74 Take Profit 1: 155.00 Take Profit 2: 171.00 Alternative scenario: If the level of 124.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 124.00 Take Profit 1: 112.00 Take Profit 2: 100.00 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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