Daily Trading Analysis 19.07.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD RBNZ: The bar for accelerated tightening is high - Goldman Sachs. Our Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6184 Take Profit 1: 0.6050 Take Profit 2: 0.5950 Alternative scenario: If the level 0.6205 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6205 Take Profit 1: 0.6310 Take Profit 2: 0.6400 Learn More Trading Analysis of EUR/USD EUR/USD continues to rise and adds to Friday's bounce, retesting the 1.0170/75 range earlier in the week. Our Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0164 Take Profit 1: 0.9950 Take Profit 2: 0.9850 Alternative scenario: If the level 1.0350 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0350 Take Profit 1: 1.0450 Take Profit 2: 1.0600 Learn More Fundamental Trading Analysis of JPMorgan Chase JPMorgan Chase, the largest U.S. bank by assets, upset the market last week when it reported second-quarter earnings that fell short of analysts' expectations. Our Analysis: As long as the price is below 119.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 111.61 Take Profit 1: 106.00 Take Profit 2: 100.00 Alternative scenario: If the 119.00 level is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 119.00 Take Profit 1: 123.00 Take Profit 2: 127.00 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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