Tuesday, June 14, 2022

Daily Trading Analysis 14.06.2022

Trading Analysis of NZD/USD
The NZD/USD made new multi-week lows below the 0.6400 level after the U.S. consumer price inflation report for May pushed the U.S. dollar up.




Our Analysis:

While the price is below 0.6425, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6284
  • Take Profit 1: 0.6175
  • Take Profit 2: 0.6050

Alternative scenario:

If the level 0.6425 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6425
  • Take Profit 1: 0.6565
  • Take Profit 2: 0.6670
Trading Analysis of EUR/USD
EUR/USD is targeting a one-year low of 1.0350 - Scotiabank.







Our Analysis:

While the price is above 1.0650, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0436
  • Take Profit 1: 1.0350
  • Take Profit 2: 1.0200

Alternative scenario:

If the level 1.0650 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.0650
  • Take Profit 1: 1.0800
  • Take Profit 2: 1.0940
Fundamental Trading
Analysis of Bitcoin
Crypto investors woke up yesterday morning to more bad news after a rough weekend for the industry.





 

Our Analysis:

As long as the price is below 32700.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: Short position
  • Entry point: 22547.00
  • Take Profit 1: 19000.00
  • Take profit 2: 15000.00

Alternative scenario:

If the level of 32700.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 32700.00
  • Take Profit 1: 39500.00
  • Take Profit 2: 45600.00
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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