Daily Trading Analysis 14.04.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England is considering raising the level of protection given to bank savings, following recent upheaval in the financial sector. Our Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1125 Take Profit 1: 1.1075 Take Profit 2: 1.1000 Alternative scenario: If the level of 1.1200 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1200 Take profit 1: 1.1285 Take profit 2: 1.1320 Learn More Trading Analysis of NZD/CAD The Bank of Canada held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Our Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8396 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 Home Depot Home Depot stock is now worth much less than it was at the beginning of 2022: the stock is down more than 25%, compared to the S&P 500's 14% decline over the same time period. Our Analysis: As long as the price is above 285.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 291.86 Take Profit 1: 299.00 Take Profit 2: 307.00 Alternative scenario: If the level of 285.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 285.00 Take Profit 1: 280.00 Take Profit 2: 270.00 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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