Daily Trading Analysis 02.03.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Interest rates may need to go up again to slow the cost of living down, Bank of England boss Andrew Bailey has said. Bailey said raising rates higher may be "appropriate" to control inflation but said nothing was decided yet. Our Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1288 Take Profit 1: 1.1375 Take Profit 2: 1.1540 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 Economists at HSBC expect the Canadian Dollar to struggle for the time being. Our Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8467 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 Intel In the eyes of some investors, the last good reason to own Intel has disappeared. Our Analysis: As long as the price is above 25.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 25.24 Take Profit 1: 29.00 Take Profit 2: 31.00 Alternative scenario: If the level of 25.00 is broken-down, follow the recommendations below:             Time frame: D1 Recommendation: short position Entry point: 25.00 Take Profit 1: 26.00 Take Profit 2: 20.00 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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