Daily Trading Analysis 18.10.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD A new day and fresh prospects for NZD/USD. The pair travelled in three levels of rising on Monday and has extended the rally in Asia on the back of the CPI data, falling within touching distance of Friday's highs around 0.5680. Our Analysis: While the price is below 0.5850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5629 Take Profit 1: 0.5500 Take Profit 2: 0.5400 Alternative scenario: If the level 0.5850 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5850 Take Profit 1: 0.6000 Take Profit 2: 0.6160 Learn More Trading Analysis of EUR/USD The EUR/USD pair has dropped marginally after printing a day’s high at 0.9853 in the Tokyo session. Our Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9839 Take Profit 1: 0.9565 Take Profit 2: 0.9400 Alternative scenario: If the level 0.9950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.9950 Take Profit 1: 1.0200 Take Profit 2: 1.0370 Learn More Fundamental Trading Analysis of JPMorgan Chase Many investors may have been pessimistic before the latest bank earnings reports came out, but the first few reports were generally quite positive. Our Analysis: Provided that the company is traded above 112.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 115.65 Take Profit 1: 121.00 Take Profit 2: 127.00 Alternative scenario: If the level of 112.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 112.00  Take Profit 1: 107.00 Take Profit 2: 102.00 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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