Tuesday, May 31, 2022

Daily Trading Analysis 31.05.2022

Trading Analysis of NZD/USD
NZD/USD: A breakout above 0.6556/68 will be a signal for the bulls - Credit Suisse.






Our Analysis:

While the price is above 0.6425, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6540
  • Take Profit 1: 0.6670
  • Take Profit 2: 0.6815

Alternative scenario:

If the level 0.6425 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6425
  • Take Profit 1: 0.6250
  • Take Profit 2: 0.6175
Trading Analysis of EUR/USD
EUR/USD: continued growth is expected in case of a break above 1.0800 - UOB.






Our Analysis:

While the price is above 1.0650, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.0747
  • Take Profit 1: 1.0800
  • Take Profit 2: 1.0940

Alternative scenario:

If the level 1.0650 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0650
  • Take Profit 1: 1.0460
  • Take Profit 2: 1.0350
Fundamental Trading
Analysis of McDonald's
With the right approach, dividend growth investing is a versatile strategy.

 





Our Analysis:

As long as the price is above the 245.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 251.58
  • Take Profit 1: 260.00
  • Take Profit 2: 270.00

Alternative scenario:

If the level of 245.00 is broken-down, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 245.00
  • Take Profit 1: 235.00
  • Take Profit 2: 228.00
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.

No comments:

Post a Comment

Trump's Economic Policies: Is Deere & Company (DE) Set to Harvest Gains?

Donald Trump's economic policies have often sparked debate among economists and investors. From imposing tariffs on imported goods to ...