Daily Trading Analysis 07.06.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: year-end forecast lowered to 0.67 given current risks - ANZ. Our Analysis: While the price is above 0.6425, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6448 Take Profit 1: 0.6670 Take Profit 2: 0.6815 Alternative scenario: If the level 0.6425 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6425 Take Profit 1: 0.6250 Take Profit 2: 0.6175 Learn More Trading Analysis of EUR/USD The EUR/USD pair has moved into a consolidation phase - UOB. Our Analysis: While the price is above 1.0650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0674 Take Profit 1: 1.0800 Take Profit 2: 1.0940 Alternative scenario: If the level 1.0650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0650 Take Profit 1: 1.0460 Take Profit 2: 1.0350 Learn More Fundamental Trading Analysis of Alphabet Last week, the Nasdaq Composite managed to break a seven-week losing streak, securing its first positive trading week since early April.   Our Analysis: As long as the price is above the 2250.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2338.24 Take Profit 1: 2460.00 Take Profit 2: 2640.00 Alternative scenario: If the level of 2250.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 2250.00 Take Profit 1: 2190.00 Take Profit 2: 2040.00 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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