Daily Trading Analysis 26.01.2024

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Pound Sterling should benefit in a more sustainable way if the PMIs continue to perform so well – Commerzbank. Our Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1013 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level of 1.0850 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0850 Take profit 1: 1.0700 Take profit 2: 1.0600 Learn More Trading Analysis of NZD/CAD New Zealand's Consumer Price Index (CPI) eased further in the fourth quarter of 2023. Our Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8215 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8200 Take profit 1: 0.8100 Take profit 2: 0.8000 Learn More Fundamental Trading Analysis of Verizon Verizon shares extended their impressive run following a robust fourth-quarter report, contributing to a total return of over 35% since mid-October. Our Analysis: As long as the price is above 39.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 41.96 Take Profit 1: 44.00 Take Profit 2: 47.00 Alternative scenario: If the level of 39.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 39.00 Take Profit 1: 37.00 Take Profit 2: 35.00 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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