Tuesday, April 26, 2022

Daily Trading Analysis 26.04.2022

Trading Analysis of NZD/USD
NZD/USD: potential to reach 0.6530 during the coming week - Westpac.







Our Analysis:

While the price is below 0.6730, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6632
  • Take Profit 1: 0.6530
  • Take Profit 2: 0.6400

Alternative scenario:

If the level 0.6730 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6730
  • Take Profit 1: 0.6875
  • Take Profit 2: 0.6990
Trading Analysis of EUR/USD
EUR/USD: recovery remains limited below 1.0746.







Our Analysis:

While the price is below 1.0860, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0711
  • Take Profit 1: 1.0600
  • Take Profit 2: 1.0500

Alternative scenario:

If the level 1.0860 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.0860
  • Take Profit 1: 1.0940
  • Take Profit 2: 1.1115
Fundamental Trading
Analysis of Goldman Sachs
The name Goldman Sachs has been synonymous with investment banking for decades. This company is one of the largest investment banks in the world, if not the largest.





Our Analysis:

As long as the price is below 346.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 321.31
  • Take Profit 1: 312.00
  • Take Profit 2: 300.00

Alternative scenario:

If the level of 346.00 is broken-out, follow the recommendations below: 
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 346.00
  • Take Profit 1: 358.00
  • Take Profit 2: 375.00
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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