Daily Trading Analysis 24.05.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: The recent strengthening is seen only as a correction below 0.6556/68 - Credit Suisse. Our Analysis: While the price is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6440 Take Profit 1: 0.6550 Take Profit 2: 0.6700 Alternative scenario: If the level 0.6400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6400 Take Profit 1: 0.6250 Take Profit 2: 0.6175 Learn More Trading Analysis of EUR/USD EUR/USD: Further growth could lead to a retest of 1.0750 - UOB. Our Analysis: While the price is above 1.0580, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0663 Take Profit 1: 1.0800 Take Profit 2: 1.0940 Alternative scenario: If the level 1.0580 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0580 Take Profit 1: 1.0370 Take Profit 2: 1.0300 Learn More Fundamental Trading Analysis of Tesla Since Tesla CEO Elon Musk revealed his stake in Twitter on April 4, TSLA stock has started to fall steadily, dropping 42%.  Our Analysis: As long as the price is below the 736.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 673.85 Take Profit 1: 628.00 Take Profit 2: 575.00 Alternative scenario: If the level of 736.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 736.00 Take Profit 1: 822.59 Take Profit 2: 906.28 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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