Daily Trading Analysis 28.07.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Market expectations for peak interest rates have fallen below 6 percent ahead of the Bank of England’s (BoE) rate-setting meeting next week. July data showed that the headline rate of UK inflation fell further than anticipated to 7.9 percent. Our Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1113 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 Bank of Canada's (BoC) latest survey showed that most market participants expect the BoC to hold its policy rate at 5% until the end of 2023, as reported by Reuters. Our Analysis: As long as the price is below 0.8260 follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 0.8143 Take Profit 1: 0.8100 Take Profit 2: 0.8025 Alternative scenario: If the level of 0.8260 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8260 Take profit 1: 0.8350 Take profit 2: 0.8400 Learn More Fundamental Trading Analysis of Apple Apple has been a strong performer for investors this year, with its stock surging by 50% since January 1st. Our Analysis: As long as the price is above 185.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 192.83 Take Profit 1: 198.00 Take Profit 2: 207.00 Alternative scenario: If the level of 185.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 185.00 Take Profit 1: 180.00 Take Profit 2: 175.00 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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