Daily Trading Analysis 08.03.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD The Fed will implement four rate hikes in 2022 despite new risks - Morgan Stanley. Our Analysis: While the price is above 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6826 Take Profit 1: 0.6920 Take Profit 2: 0.7090 Alternative scenario: If the level 0.6700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6700 Take Profit 1: 0.6620 Take Profit 2: 0.6530 Learn More Trading Analysis of EUR/USD EUR/USD: potential for a decline to 1.0805 - UOB. Our Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0863 Take Profit 1: 1.0800 Take Profit 2: 1.0700 Alternative scenario: If the level 1.1110 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1110 Take Profit 1: 1.1500 Take Profit 2: 1.1650 Learn More Fundamental Trading Analysis of Meta Platforms Meta Platforms has been in the news lately for all the wrong reasons: after the company's Q4 2021 financial report, released on Feb. 2, the stock plummeted, losing $200 billion in one day. Our Analysis: As long as price is below the 248.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 186.97 Take Profit 1: 160.00 Take Profit 2: 140.00 Alternative scenario: If the level of 248.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 248.00 Take Profit 1: 288.00 Take Profit 2: 325.00 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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