Daily Trading Analysis 31.03.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF According to the latest Bank of England (BoE) Monthly Decision Maker Panel (DMP) survey released on Thursday, DMP members expected CPI inflation to be 5.8% one-year ahead, down from 5.9% in February. Our Analysis: While the price is above 1.1220, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1259 Take Profit 1: 1.1320 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1220 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1220 Take profit 1: 1.1170 Take profit 2: 1.1140 Learn More Trading Analysis of NZD/CAD BoC to stand pat this year, rate cuts unlikely - Reuters poll. Our Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8436 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 ExxonMobil The process of investing is quite complex, and while it would be nice to say that stocks are a "screaming buy," these situations don't actually occur very often. Our Analysis: As long as the price is above 102.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 114.95 Take Profit 1: 117.00 Take Profit 2: 119.00 Alternative scenario: If the level of 110.00 is broken-down, follow the recommendations below:      Time frame: D1 Recommendation: short position Entry point: 110.00 Take Profit 1: 108.00 Take Profit 2: 106.00 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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