Daily Trading Analysis 21.07.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Pound Sterling tumbles as investors mixed about BoE's policy tightening pace. Our Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1146 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario:  If the level of 1.1240 is broken-out , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1240 Take profit 1: 1.1275 Take profit 2: 1.1325 Learn More Trading Analysis of NZD/CAD The New Zealand dollar has been the weakest performer among the G10 currencies in the last five trading days. Our Analysis: As long as the price is above 0.8170 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8197 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 Bank of America Initially, Bank of America may appear to be an attractive investment opportunity. Our Analysis: As long as the price is above 30.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 31.66 Take Profit 1: 33.00 Take Profit 2: 34.50 Alternative scenario: If the level of 30.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 30.00 Take Profit 1: 29.00 Take Profit 2: 28.00 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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