Daily Trading Analysis 11.08.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF The United Kingdom’s (UK) industrial sector activity showed an improvement in June, the latest data published by Office for National Statistics (ONS) showed on Friday. Our Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1130 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 Kiwi struggles to justify dovish bias about the Federal Reserve (Fed) amid concerns about witnessing the Reserve Bank of New Zealand’s (RBNZ) inaction. Our Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8074 Take Profit 1: 0.8025 Take Profit 2: 0.7950 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 Procter&Gamble Warren Buffett embarked on a journey initially driven by seeking substantial value, only to later pivot towards embracing quality companies at reasonable prices. Our Analysis: As long as the price is above 152.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.89 Take Profit 1: 158.00 Take Profit 2: 162.00 Alternative scenario: If the level of 152.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 152.00 Take Profit 1: 148.00 Take Profit 2: 144.00 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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