Daily Trading Analysis 04.01.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD U.S. inflation expectations made a new 6-week high. Our Analysis: While the price is below 0.6860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6792 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 The EUR/USD dropped to 1.1334 after peaking at 1.1385 on the last trading day of the week. The pair recovered from the low mentioned during the trading in London and rose to 1.1350. Our Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1300 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 Tesla Last week, Wedbush analyst Dan Ives issued a bullish assessment of Tesla stock. In his commentary in support of his 12-month $1,400 price target for the company's stock, he stated that several catalysts could lead to significant growth in the stock next year. Our Analysis: As long as the price is above the 948.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1199.00 Take Profit 1: 1249.00 Take Profit 2: 1332.00 Alternative scenario: If the 948.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 948.00 Take Profit 1: 811.00 Take Profit 2: 730.00 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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