Daily Trading Analysis 10.05.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: deepening fall could reach 0.6245 - UOB. Our Analysis: While the price is below 0.6550, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6334 Take Profit 1: 0.6250 Take Profit 2: 0.6175 Alternative scenario: If the level 0.6550 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6550 Take Profit 1: 0.6700 Take Profit 2: 0.6875 Learn More Trading Analysis of EUR/USD EUR/USD is still targeting 1.0470 - UOB. Our Analysis: While the price is below 1.0860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0567 Take Profit 1: 1.0400 Take Profit 2: 1.0300 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 Learn More Fundamental Trading Analysis of Pfizer Last week, Pfizer released its Q1 financial results. The report was strong, as the company beat analysts' expectations in both revenue and earnings. Our Analysis: As long as the price is above the 47.80 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 48.59 Take Profit 1: 50.75 Take Profit 2: 55.00 Alternative scenario: If the level of 47.80 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 47.80 Take Profit 1: 45.00 Take Profit 2: 41.00 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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