Daily Trading Analysis 31.03.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The UK economy expanded by 0.1% in the quarter in the final three months of 2022 vs. 0% prior, the final revision confirmed on Friday. The market consensus stood at 0% in the fourth quarter. Our Analysis: While the price is above 1.1280, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1320 Take Profit 1: 1.1360 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1280 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1280 Take profit 1: 1.1240 Take profit 2: 1.1200 Learn More Trading Analysis of NZD/CAD Judging from industry-level reports published to date, Canadian economic output may have increased 0.3% in the month, as gains for mining/quarrying/oil and gas extraction, manufacturing, wholesale, and transportation/warehousing were likely partially offset by declines for construction and retail. Our Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8491 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 Verizon Verizon Communications is probably one of the best dividend stocks on the market today. The stock yields 6.8 percent, and the giant company shows no sign or intention of cutting its payout. Our Analysis: As long as the price is above 38.00, follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 38.56 Take Profit 1: 39.00 Take Profit 2: 40.00 Alternative scenario: If the 38.00 level is broken-down, follow the recommendations below:     Time frame: D1 Recommendation:short position Entry point: 38.00 Take Profit 1: 37.00 Take Profit 2: 36.00 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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