Daily Trading Analysis 19.04.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD New Zealand Finance Minister Grant Robertson said at a press conference that the government should watch its spending and hinted at introducing new fiscal rules for the budget next month. Our Analysis: While the price is above 0.6730, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6737 Take Profit 1: 0.6875 Take Profit 2: 0.6990 Alternative scenario: If the level 0.6730 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6730 Take Profit 1: 0.6620 Take Profit 2: 0.6530 Learn More Trading Analysis of EUR/USD UOB Group currency strategists write that EUR/USD could deepen the drawdown in the coming weeks. Our Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0784 Take Profit 1: 1.0700 Take Profit 2: 1.0600 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: 1.1285 Take Profit 2: 1.1500 Learn More Fundamental Trading Analysis of ExxonMobil After some very challenging times, ExxonMobil seems to be headed in the right direction. The decline in oil and gas demand caused by the pandemic has hit ExxonMobil harder than other oil companies, in part due to its high debt load and capital investment. Our Analysis: As long as the price is above the 83.20 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 88.48 Take Profit 1: 92.50 Take Profit 2: 96.40 Alternative scenario: If the level of 83.20 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 83.20 Take Profit 1: 76.00 Take Profit 2: 73.53 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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