Daily Trading Analysis 02.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF SNB still sees the 2025 inflation print coming in at 2.1%, so although inflationary pressures are building the pressures are mild compared to Europe, the UK, and the US. Our Analysis: While the price is above 1.1130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1329 Take Profit 1: 1.1390 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1130 Take profit 1: 1.1075 Take profit 2: 1.1100 Learn More Trading Analysis of NZD/CAD Canadian Dollar edges lower ahead of Canadian GDP. Our Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8180 Take Profit 1: 0.8100 Take Profit 2: 0.8000 Alternative scenario: If the level of 0.8260 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8260 Take profit 1: 0.8350 Take profit 2: 0.8400 Learn More Fundamental Trading Analysis of HP HP's stock witnessed a decline of 4% in after-hours trading on May 30 after the company released its latest earnings report. Our Analysis: As short as the price is above 28.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 29.28 Take Profit 1: 31.00 Take Profit 2: 33.00 Alternative scenario: If the level of 28.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 28.50  Take Profit 1: 27.50 Take Profit 2: 26.80 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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