Daily Trading Analysis 20.09.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD looks set to refresh its two-year low around 0.5920 as DXY rebounds ahead of Fed. Our Analysis: While the price is below 0.6060, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5925 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If the level 0.6060 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6060 Take Profit 1: 0.6160 Take Profit 2: 0.6250 Learn More Trading Analysis of EUR/USD EUR/USD holds steady above parity ahead of Lagarde. Our Analysis: While the price is above 0.9950, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0018 Take Profit 1: 1.0130 Take Profit 2: 1.0260 Alternative scenario: If the level 0.9950 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9950 Take Profit 1: 0.9850 Take Profit 2: 0.9800 Learn More Fundamental Trading Analysis of Meta Platforms Tech giant Meta Platforms has lost more than half of its value in the past year. Our Analysis: As long as the price is below 155.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 147.47 Take Profit 1: 134.00 Take Profit 2: 120.00 Alternative scenario: If the level of 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.00 Take Profit 1: 170.00 Take Profit 2: 183.00 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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