Daily Trading Analysis 25.01.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD The Reserve Bank of New Zealand (RBNZ) will report policy changes in the coming week. There is a high probability that the RBNZ will raise the rate by 50 bps, which creates upside risks for the NZD, MUFG economists report. Our Analysis: While the price is above 0.6540, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6708 Take Profit 1: 0.6810 Take Profit 2: 0.6890 Alternative scenario: If the level 0.6540 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6540 Take Profit 1: 0.6440 Take Profit 2: 0.6350 Learn More Trading Analysis of EUR/USD EUR/USD could fall to 1.1280 - UOB. Our Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1295 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 Learn More Fundamental Trading Analysis of eBay eBay was one of the main beneficiaries at the beginning of the pandemic. People turned to the e-commerce and auction site for items they needed and wanted to buy, avoiding in-person purchases. Our Analysis: As long as the price is below the 58.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 55.35 Take Profit 1: 51.00 Take Profit 2: 48.00 Alternative scenario: If the level 59.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 58.00 Take Profit 1: 62.00 Take Profit 2: 64.00 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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