Daily Trading Analysis 16.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Bank of England set to raise rates to 4.75% as inflation slow to fall. Our Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.14000 Take Profit 1: 1.1450 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1250 Take profit 1: 1.1075 Take profit 2: 1.1000 Learn More Trading Analysis of NZD/CAD Former Bank of Canada governor David Dodge says the central bank has a year to 18 months to get inflation under control or risk a return to the “pretty awful era” between the mid-1970s and ’80s characterized by a lack of pricing predictability and social upheaval.  Our Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8251 Take Profit 1: 0.8300 Take Profit 2: 0.8400 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8200 Take profit 1: 0.8120 Take profit 2: 0.8060 Learn More Fundamental Trading Analysis of Ethereum Ethereum's native token, Ether (ETH), has experienced a decline in value, currently trading at around $1,638, marking a drop of almost 7% today. Our Analysis: As long as the price is below 1800.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1688.00 Take Profit 1: 1550.00 Take Profit 2: 1450.00 Alternative scenario: If the 1800.00 level is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1800.00 Take Profit 1: 1930.00 Take Profit 2: 2000.00 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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