Daily Trading Analysis 30.06.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Pound Sterling (GBP) weakened on comments by The Bank of England (BoE) Governor Andrew Baily, saying that rates could continue to rise, hurting the British economy. Our Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1346 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: 1.1150 Take profit 2: 1.1075 Learn More Trading Analysis of NZD/CAD The Bank of Canada’s move to come off the sidelines after a five-month pause has sent a signal that some economic pain will be needed to tame stubborn inflation, leading investors to raise bets on a hard landing for the economy. Our Analysis: As long as the price is below 0.8270 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8069 Take Profit 1: 0.8050 Take Profit 2: 0.7950 Alternative scenario: If the level of 0.8270 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8270 Take profit 1: 0.8350 Take profit 2: 0.8450 Learn More Fundamental Trading Analysis of Johnson&Johnson Johnson & Johnson is poised for significant changes in the coming years. Our Analysis: As long as the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.96 Take Profit 1: 166.00 Take Profit 2: 170.50 Alternative scenario:  the level of 160.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.00 Take Profit 1: 157.50 Take-profit 2: 154.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org