Daily Trading Analysis 29.03.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD UOB Group currency strategists noted that the potential move to 0.7025 in NZD/USD seems to be losing momentum Our Analysis: While the price is above 0.6745, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6906 Take Profit 1: 0.6990 Take Profit 2: 0.7050 Alternative scenario: If the level 0.6745 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6745 Take Profit 1: 0.6620 Take Profit 2: 0.6530 Learn More Trading Analysis of EUR/USD The EUR/USD pair could accelerate a drawdown below 1.0950 in the near term, UOB Group currency strategists suggested. Our Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0995 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 Tesla If you had invested $100,000 in TSLA stock two years ago, today your investment would have grown more than 10 times to $1.2 million. Our Analysis: As long as the price is above the 1000.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1091.00 Take Profit 1: 1150.00 Take Profit 2: 1210.00 Alternative scenario: If the level of 1000.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1000.00 Take Profit 1: 890.00 Take Profit 2: 825.00 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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