Tuesday, March 22, 2022

Daily Trading Analysis 22.03.2022

Trading Analysis of NZD/USD
NZD/USD: a breakdown below 0.6775 will trigger further losses - ANZ.







Our Analysis:

While the price is above 0.6700, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6744
  • Take Profit 1: 0.6820
  • Take Profit 2: 0.6920

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
Trading Analysis of EUR/USD
The EUR/USD continues Friday's decline, though the pair traded mainly within its usual range on Monday.





Our Analysis:

While the price is below 1.1110, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0978
  • 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
Fundamental Trading
Analysis of Meta Platforms
The earnings season has been tough for many investors, especially those who own technology and Internet stocks. 




Our Analysis:

As long as the price is below the 247.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 211.06
  • Take Profit 1: 185.00
  • Take Profit 2: 170.00

Alternative scenario:

If the level of 247.00 is broken-out, follow the recommendations below:    
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 247.00
  • Take Profit 1: 288.00
  • Take Profit 2: 327.00
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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