Daily Trading Analysis 12.07.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD The NZD/USD pair fell on Monday and hit a fresh two-year low at 0.6096 before cutting losses to 0.6130. Our Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6110 Take Profit 1: 0.6050 Take Profit 2: 0.5950 Alternative scenario: If the level 0.6205 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6205 Take Profit 1: 0.6310 Take Profit 2: 0.6400 Learn More Trading Analysis of EUR/USD EUR/USD: The Euro will remain low in the short term - NFB. Our Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0024 Take Profit 1: 0.9950 Take Profit 2: 0.9850 Alternative scenario: If the level 1.0350 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0350 Take Profit 1: 1.0450 Take Profit 2: 1.0600 Learn More Fundamental Trading Analysis of Twitter On July 8, Twitter dtopped to a four-month low after Elon Musk officially rescinded his offer to buy the company for $44 billion. In an SEC filing, Musk's legal representative said that Twitter violated the deal by making "false and misleading statements" about the number of "fake or spam accounts" on the social network. Our Analysis: As long as the price is below the 35.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 32.50 Take Profit 1: 31.00 Take Profit 2: 29.00 Alternative scenario: If the level of 35.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 35.00 Take Profit 1: 37.00 Take Profit 2: 39.00 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