Daily Trading Analysis 01.09.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF UK FCA says that more savings bank accounts will get higher interest rates through regulatory intervention. The news may help the GBP to regain upside traction. Our Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1175 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 New Zealand’s main opposition National Party would quickly remove the central bank’s dual mandate and return it to a sole focus on inflation if it wins the October election. Our Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8033 Take Profit 1: 0.7950 Take Profit 2: 0.7850 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 XRP Following a favorable court ruling in July, expectations were high that XRP would experience a significant surge in value. Our Analysis: As long as the price is above 0.4500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5001 Take Profit 1: 0.6000 Take Profit 2: 0.7000 Alternative scenario: If the level of 0.4500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.4500 Take profit 1: 0.4000 Take profit 2: 0.3500 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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