Daily Trading Analysis 26.05.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF On the Pound Sterling front, investors are awaiting the release of the United Kingdom Retail Sales data (April). As per the preliminary report, monthly Retail Sales are seen expanding by 0.3% against a contraction of 0.9% reported last month. Our Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1159 Take Profit 1: 1.1240 Take Profit 2: 1.1320 Alternative scenario: If the level of 1.1100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1100 Take profit 1: 1.1050 Take profit 2: 1.1000 Learn More Trading Analysis of NZD/CAD RBNZ´s Silk: RBNZ can hold now and see what develops. Our Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8272 Take Profit 1: 0.8235 Take Profit 2: 0.8100 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 Pfizer Investors have faced disappointment with Pfizer in the past year as the company's stock experienced a significant decline of 28.8%. Our Analysis: As short as the price is below 42.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 37.79 Take Profit 1: 36.00 Take Profit 2: 32.00 Alternative scenario: If the level of 42.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 42.00 Take Profit 1: 44.00 Take Profit 2: 46.00 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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