Daily Trading Analysis 05.04.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD The NZD/USD pair rose sharply on Monday, while jumping 0.6% to 0.6160 after attracting buyers early in the session at the 200DMA just above 0.6900. Our Analysis: While the price is above 0.6745, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6982 Take Profit 1: 0.7050 Take Profit 2: 0.7150 Alternative scenario: If the level 0.6745 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6745 Take Profit 1: 0.6620 Take Profit 2: 0.6530 Learn More Trading Analysis of EUR/USD The EUR/USD might slide below the 1.0940 level in the near term, currency strategists at UOB Group suggested. Our Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0968 Take Profit 1: 1.0800 Take Profit 2: 1.0700 Alternative scenario: If the level 1.1110 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1110 Take Profit 1: 1.1500 Take Profit 2: 1.1650 Learn More Fundamental Trading Analysis of Goldman Sachs When the market offers you the chance to buy an industry-leading business with an iconic brand name on sale, you should never stop taking a closer look. Our Analysis: As long as price is below 346.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 327.98 Take Profit 1: 325.00 Take Profit 2: 310.00 Alternative scenario: If the level of 346.00 is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 346.00 Take Profit 1: 357.00 Take Profit 2: 370.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org