Daily Trading Analysis 10.02.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The industrial sector activity showed no growth in December, 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: 1.1166 Take Profit 1: 1.1270 Take Profit 2: 1.1400 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 Kiwi has not reacted much to the announcement by novel New Zealand Prime Minister Chris Hipkins that minimum wages will be increased in line with the Consumer Price Index (CPI). Our Analysis: As long as the price is above 0.8450 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8512 Take Profit 1: 0.8620 Take Profit 2: 0.8730 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 Microsoft When Microsoft reported its earnings for Q2 of the fiscal year 2023, management told Wall Street what was already expected.  Our Analysis: As long as the price is above 250.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 263.50 Take Profit 1: 277.00 Take Profit 2: 295.00 Alternative scenario: If the level of 250.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 250.00 Take Profit 1: 238.00 Take Profit 2: 230.00 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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