Daily Trading Analysis 28.04.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England (BoE) is expected to announce a new interest rate change that will directly affect Brits' finances. Last March, when the BoE announced its previous review of the base rate, it decided to raise it from 4 percent to 4.25 percent. This decision drove the UK's interest rate to its highest point since the early stages of the 2005 financial crisis. Our Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1157 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's Summary of Deliberations from April built on its hawkish message by outlining the argument for (and against) a rate hike in April and acknowledging that the economy was proving to be stronger than expected in January.  Our Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8357 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 Verizon On April 25, Verizon Communications released its first-quarter earnings report, which showed mixed results. Our Analysis: As long as the price is above 36.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 38.65 Take Profit 1: 39.50 Take Profit 2: 41.85 Alternative scenario: If the level of 36.50 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation:short position Entry point: 36.50 Take Profit 1: 35.60 Take Profit 2: 34.50 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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