Daily Trading Analysis 19.05.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF After more than a year of warnings, Bank of England Governor Andrew Bailey says the UK is now experiencing a wage-price spiral despite 12 consecutive central bank interest rate hikes. Our Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1218 Take Profit 1: 1.1320 Take Profit 2: 1.1360 Alternative scenario: If the level of 1.1200 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1200 Take profit 1: 1.1160 Take profit 2: 1.1120 Learn More Trading Analysis of NZD/CAD BoC: Spillover effects from recent stress in the banking sector have been limited. Our Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8412 Take Profit 1: 0.8560 Take Profit 2: 0.8560 Alternative scenario: If the level of 0.8400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8400 Take profit 1: 0.8340 Take profit 2: 0.8260 Learn More Fundamental Trading Analysis of Microsoft Since January 1st, Microsoft's stock has surged by nearly 30%, bolstered by the company's foray into artificial intelligence (AI) - a technology that has the potential to revolutionize numerous industries in the years ahead, and one that has left Wall Street bullish. Our Analysis: As long as the price is above 292.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 318.42 Take Profit 1: 330.00 Take Profit 2: 340.00 Alternative scenario: If the level of 292.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 292.00 Take Profit 1: 284.00 Take Profit 2: 275.00 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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