Daily Trading Analysis 27.12.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD grinds higher around 0.6300 as China reopening improves sentiment, US data weighs on the greenback. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6311 Take Profit 1: 0.6565 Take Profit 2: 0.6800 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6130 Take Profit 1: 0.5850 Take Profit 2: 0.5630 Learn More Trading Analysis of EUR/USD The USD is vulnerable to a time of weakness around the end of the year. This is due to US tax balancing that regularly sees USD flows out of US companies into daughter companies. So, the USD does tend to be very weak heading into year-end Our Analysis: While the price is above 1.0400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0664 Take Profit 1: 1.0800 Take Profit 2: 1.0900 Alternative scenario: If the level 1.0400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0400 Take Profit 1: 1.0300 Take Profit 2: 1.0150 Learn More Fundamental Trading Analysis of AT&T AT&T is starting its history with a clean slate. Our Analysis: As long as the price is above 18.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 18.27 Take Profit 1: 19.50 Take Profit 2: 21.00 Alternative scenario: If the level of 18.00 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 18.00 Take Profit 1: 17.00 Take Profit 2: 16.00 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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