Daily Trading Analysis 16.08.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD The NZD/USD reached the 0.64 mark for the first time since early June. ANZ economists expect the kiwi to get additional support from the Reserve Bank of New Zealand. Our Analysis: While the price is above 0.6205, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6357 Take Profit 1: 0.6400 Take Profit 2: 0.655 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 Learn More Trading Analysis of EUR/USD EUR/USD continues to fall below 1.0200 as the dollar bulls refuse to give up. Our Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0161 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 Disney Walt Disney stunned the market with its Q2 earnings report.  Our Analysis: As long as the price is above the 111.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 123.90 Take Profit 1: 127.00 Take Profit 2: 135.00 Alternative scenario: If the 111.00 level is broken-down, follow the recommendations below:       Time frame: D1 Recommendation: short position Entry point: 111.00 Take Profit 1: 105.00 Take Profit 2: 99.00 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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