Daily Trading Analysis 07.07.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The Pound Sterling (GBP) has dropped half of its gains made after the headlines that Bank of England (BoE) Governor Andrew Bailey has urged industry regulators not to overcharge customers. \ Our Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1405 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 Canada: Goods trade balance swung sharply and unexpectedly into deficit territory – CIBC. Our Analysis: As long as the price is above 0.8170 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8233 Take Profit 1: 0.8300 Take Profit 2: 0.8360 Alternative scenario: If the level of 0.8170 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 0.8170 Take profit 1: 0.8100 Take profit 2: 0.8025 Learn More Fundamental Trading Analysis of Procter&Gamble Despite Procter & Gamble's stock performance this year, which may suggest a lack of growth, the long-term outlook for this consumer staples powerhouse remains positive. Our Analysis: As long as the price is above 147.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.97 Take Profit 1: 154.00 Take Profit 2: 158.00 Alternative scenario: If the 147.00 level is broken-down, follow the recommendations below:     Time frame: D1 Recommendation: short position Entry point: 147.00 Take Profit 1: 144.00 Take Profit 2: 141.00 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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