Tuesday, June 28, 2022

Daily Trading Analysis 28.06.2022

Trading Analysis of NZD/USD
NZD/USD: In the short term likely to continue trading in the range - UOB.






Our Analysis:

While the price is below 0.6425, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6309
  • 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: Failure to defend 1.0340 will open the way to parity - SocGen.






Our Analysis:

While the price is below 1.0650, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0594
  • 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 Pfizer
As the first company to present the coronavirus vaccine, pharmaceutical giant Pfizer made a huge profit by providing primary and repeat vaccines on a global scale.



Our Analysis:

As long as the price is above the 50.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 51.79
  • Take Profit 1: 54.50
  • Take Profit 2: 57.35

Alternative scenario:

If the level of 50.00 is broken-down, follow the recommendations below: 
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 50.00
  • Take Profit 1: 47.00
  • Take Profit 2: 45.50
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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