Tuesday, January 18, 2022

Daily Trading Analysis 18.01.2022

Trading Analysis of NZD/USD
U.S. markets are returning to normal after Monday's holiday, the U.S. Treasury bond market immediately started trading with a sharp rise in yields.



Our Analysis:

While the price is below 0.6860, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6798
  • 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
Analysts at Danske Bank write that the increasingly hawkish attitude of the Fed continues to support the dollar and could weaken the EUR/USD to 1.08 in the year ahead.



Our Analysis:

While the price is below 1.1530, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1405
  • Take Profit 1: 1.1300
  • Take Profit 2: 1.1170

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 Procter & Gamble
Procter & Gamble's stock price gains have lagged the broader stock market for much of the pandemic. While sales and profits have skyrocketed since the beginning of 2020, the consumer sector giant has been left behind in a rally that has pushed fast-growing niches to new highs.

Our Analysis:

As long as the price is above 154.60, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 159.61
  • Take Profit 1: 165.10
  • Take Profit 2: 167.60

Alternative scenario:

If the level of 154.60 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 154.60
  • Take Profit 1: 150.60
  • Take Profit 2: 148.40
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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