Daily Trading Analysis 08.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Bank of England said it was ending its programme of corporate bond sales, after offloading almost all of the 20 billion pounds ($24.8 billion) it bought as part of its quantitative easing (QE) programme. Our Analysis: While the price is above 1.1130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1323 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: 1.1000 Learn More Trading Analysis of NZD/CAD Bank of Canada policymakers surprised at yesterday's monetary policy announcement, lifting the policy interest rate 25 bps to 4.75% at yesterday's meeting. Our Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8080 Take Profit 1: 0.8000 Take Profit 2: 0.7900 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 Microsoft Microsoft has been experiencing a remarkable surge in 2023, driven by the resurgence of technology stocks. Our Analysis: As long as the price is above 312.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 323.34 Take Profit 1: 340.00 Take Profit 2: 350.00 Alternative scenario: If the level of 312.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 312.00 Take Profit 1: 304.00 Take Profit 2: 297.00 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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