Daily Trading Analysis 02.08.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD RBNZ: The lending program will remain in place until December as planned. Our Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6323 Take Profit 1: 0.6400 Take Profit 2: 0.6550 Alternative scenario: If the level 0.6205 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6205 Take Profit 1: 0.6125 Take Profit 2: 0.6050 Learn More Trading Analysis of EUR/USD EUR/USD has probably moved into a consolidation phase - UOB. Our Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0257 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 Alphabet Alphabet stock is down about 16% over the past 12 months as investors worry about the macroeconomic problems of its core advertising business. Our Analysis: As long as the price is above the 125.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 134.46 Take Profit 1: 140.00 Take Profit 2: 145.00 Alternative scenario: If the level of 125.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 117.00 Take Profit 2: 110.00 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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