Daily Trading Analysis 17.03.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England was holding emergency talks with international counterparts amid rising concerns as the crisis deepens in Swiss bank Credit Suisse Group AG (CSGN.S), the Telegraph reported. Our Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1249 Take Profit 1: 1.1285 Take Profit 2: 1.1320 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1200 Take profit 1: 1.1170 Take profit 2: 1.1140 Learn More Trading Analysis of NZD/CAD Reserve Bank of New Zealand (RBNZ) said in a statement on Friday, “all New Zealand banks are currently operating above our minimum regulatory requirements.” Our Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8549 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 Walt Disney With a market capitalization of about $170 billion, Walt Disney is among the largest entertainment companies in the world. Our Analysis: As long as the price is below 100.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 94.02 Take Profit 1: 90.00 Take Profit 2: 85.00 Alternative scenario: If the level of 100.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 100.00 Take Profit 1: 105.00 Take Profit 2: 108.00 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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