Tuesday, January 11, 2022

Daily Trading Analysis 11.01.2022

Trading Analysis of NZD/USD
NZD/USD: strong support is noted around 0.6700 - UOB Group.







Our Analysis:

While the price is below 0.6860, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6756
  • 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
Trading Analysis of EUR/USD
EUR/USD: the outlook remains unclear - UOB Group.







Our Analysis:

While the price is below 1.1530, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1326
  • 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
Fundamental Trading
Analysis of Intel
The beginning of a new year is a good time to look for lagging stocks that could be on the cusp of a rise. One of the cheap technology stocks that stand out is Intel.



Our Analysis:

As long as the price is above 51.70, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 55.20
  • Take Profit 1: 57.50
  • Take Profit 2: 58.80

Alternative scenario:

If the level of 51.70 is broken-down, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 51.70
  • Take Profit 1: 49.40
  • Take Profit 2: 48.00
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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