Daily Trading Analysis 17.02.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF UK Retail Sales jump 0.5% MoM in January vs. -0.3% expected. Our Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1092 Take Profit 1: 1.1230 Take Profit 2: 1.1375 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: 1.1000 Take profit 2: 1.1090 Learn More Trading Analysis of NZD/CAD BoC’s Beaudry: The path of interest rates can diverge from other central banks. Our Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8383 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8600 Take profit 1: 0.8730 Take profit 2: 0.8800 Learn More Fundamental Trading Analysis of Tesla Reportedly Tesla is about to recall more than 350,000 vehicles supplied with driver assistance software in reaction to government worries that the system could provoke accidents. Our Analysis: As long as the price is above 187.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 201.45 Take Profit 1: 217.00 Take Profit 2: 235.00 Alternative scenario: If the level of 187.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 187.00 Take Profit 1: 176.00 Take Profit 2: 166.00 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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