Daily Trading Analysis 28.12.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD The medium-term momentum is still bearish and the pair is holding under the declining medium-term moving averages, so the mood remains bearish and the resistance at 0.6823/38 should limit the rise. The pair will then move below 0.6703/6697 and target 0.6511/6467. Our Analysis: While the price is below 0.6860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6811 Take Profit 1: 0.6685 Take Profit 2: 0.6600 Alternative scenario: If the level 0.6860 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6860 Take Profit 1: 0.6960 Take Profit 2: 0.7065 Learn More Trading Analysis of EUR/USD EUR/USD: continues to consolidate around 1.1300. Our Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1324 Take Profit 1: 1.1170 Take Profit 2: 1.1100 Alternative scenario: If the level 1.1530 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1530 Take Profit 1: 1.1690 Take Profit 2: 1.1800 Learn More Fundamental Trading Analysis of Citigroup It's been an extremely miserable year for Citigroup in terms of stock price performance, with shares down about 1% this year.  Our Analysis: As long as the price is above the 58.30 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 60.55 Take Profit 1: 63.40 Take Profit 2: 64.70 Alternative scenario: If the level of 58.30 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 58.30 Take Profit 1: 56.10 Take Profit 2: 54.80 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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