Daily Trading Analysis 21.04.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF SNB's Maechler: March rate hike serves to only slow inflation towards 2% mark. Our Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1097 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 Canada's economy has made a solid start to 2023, with sturdy employment gains over the last six months and monthly GDP figures pointing to respectable growth in the first quarter. Our Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8300 Take Profit 1: 0.8250 Take Profit 2: 0.8150 Alternative scenario: If the level of 0.8400 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8400 Take profit 1: 0.8500 Take profit 2: 0.8560 Learn More Fundamental Trading Analysis of Microsoft Ahead of Microsoft's fiscal Q3 earnings report, investors have a lot of questions Our Analysis: As long as the price is above 275.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 285.93 Take Profit 1: 292.00 Take Profit 2: 300.00 Alternative scenario: If the level of 275.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 275.00 Take Profit 1: 269.00 Take Profit 2: 262.00 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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