Daily Trading Analysis 03.05.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD According to the ANZ's analytics, we should see the NZD strengthening against the US dollar later this year as the US dollar weakens, given high commodity prices and higher interest rates. Our Analysis: While the price is below 0.6730, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6426 Take Profit 1: 0.6350 Take Profit 2: 0.6250 Alternative scenario: If the level 0.6730 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6730 Take Profit 1: 0.6875 Take Profit 2: 0.6990 Learn More Trading Analysis of EUR/USD The EUR/USD is losing its initial optimism and is aiming at 1.0500 at the beginning of the week. Our Analysis: While the price is below 1.0860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0508 Take Profit 1: 1.0400 Take Profit 2: 1.0300 Alternative scenario: If the level 1.0860 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0860 Take Profit 1: 1.0940 Take Profit 2: 1.1115 Learn More Fundamental Trading Analysis of Coca-Cola If you think Coca-Cola is already ubiquitous on supermarket shelves around the world, the company happily proved you wrong last week by releasing a stunning Q1 earnings report. Our Analysis: As long as the price is above the 63.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 63.35 Take Profit 1: 67.00 Take Profit 2: 69.00 Alternative scenario: If the level of 63.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 63.00 Take Profit 1: 61.00 Take Profit 2: 59.00 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