Daily Trading Analysis 21.06.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD TD Securities economists expect the Reserve Bank of New Zealand (RBNZ) to raise rates by 50 basis points (bps) sequentially, with the 4% terminal level to be reached in February 2023. Our Analysis: While the price is below 0.6425, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6327 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 Learn More Trading Analysis of EUR/USD The EUR/USD is regaining some of the positions lost on Friday. If the bulls push harder, the pair might try to move towards the slight resistance at the high of June 16 at 1.0601 Our Analysis: While the price is above 1.0650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0503 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 Learn More Fundamental Trading Analysis of Apple Apple is one of the most popular companies in the world. Its flagship product, the iPhone, is one of the most successful tech devices of all time. Our Analysis: While the price is below the 137.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130.88 Take Profit 1: 128.00 Take Profit 2: 120.00 Alternative scenario: If the level of 137.00 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 137.00 Take Profit 1: 142.00 Take Profit 2: 150.00 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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