Daily Trading Analysis 14.07.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF United Kingdom’s Office for National Statistics has reported a contraction in monthly Gross Domestic Product (GDP) May figures by 0.1% against the consensus of a 0.3% contraction. In April, monthly GDP expanded by 0.2%. \ Our Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1263 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 New Zealand: RBNZ holds OCR at 5.50% - UOB Group. Our Analysis: As long as the price is above 0.8170 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8377 Take Profit 1: 0.8400 Take Profit 2: 0.8500 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 Ethereum During the first half of 2023, Ethereum stood out as one of the top-performing cryptocurrencies in the market. Year-to-date, Ethereum has experienced a 55% increase and was recently trading at $1,865. Our Analysis: As long as the price is above 1800.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2005.00 Take Profit 1: 2100.00 Take Profit 2: 2300.00 Alternative scenario: If the 1800.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1800.00 Take Profit 1: 1700.00 Take Profit 2: 1600.00 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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