Tuesday, July 26, 2022

Daily Trading Analysis 26.07.2022

Trading Analysis of NZD/USD
RBNZ, Orr: In addition to reviewing authority, we are also reviewing our performance.






Our Analysis:

While the price is below 0.6205, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6260
  • Take Profit 1: 0.6310
  • Take Profit 2: 0.6400

Alternative scenario:

If the level 0.6205 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6205
  • Take Profit 1: 0.6125
  • Take Profit 2: 0.6050
Trading Analysis of EUR/USD
The EUR/USD continues to fluctuate early in the week as the U.S. dollar continues its corrective decline, prompting the dollar index (DXY) to retreat for the third consecutive session.


Our Analysis:

While the price is below 1.0350, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0223
  • 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
Fundamental Trading
Analysis of AT&T
AT&T's stock price fell 8% on July 21 following the release of its Q2 earnings report.






Our Analysis:

As long as the price is above the 19.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 18.42
  • Take Profit 1: 17.00
  • Take Profit 2: 16.00

Alternative scenario:

If the level of 19.00 is broken-out, follow the recommendations below:      
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 19.00
  • Take Profit 1: 20.00
  • Take Profit 2: 21.00
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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