Tuesday, February 15, 2022

Daily Trading Analysis 15.02.2022

Trading Analysis of NZD/USD
NZD/USD: potential for another drop under 0.65 - Westpac.







Our Analysis:

While the price is below 0.6735, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6609
  • Take Profit 1: 0.6500
  • Take Profit 2: 0.6400

Alternative scenario:

If the level 0.6735 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6735
  • Take Profit 1: 0.6960
  • Take Profit 2: 0.7065
Trading Analysis of EUR/USD
EUR/USD may further decline in the short term - UOB.







Our Analysis:

While the price is below 1.1530, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1317
  • Take Profit 1: 1.1250
  • 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 Meta Platforms
According to the market's reaction, the market is not thrilled with Meta Platforms' ambition to become the leader of the metaverse.

 




Our Analysis:

As long as the price is below 255.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 217.36
  • Take Profit 1: 180.00
  • Take Profit 2: 160.00

Alternative scenario:

If the level of 255.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 255.00
  • Take Profit 1: 250.00
  • Take Profit 2: 311.00
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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