Daily Trading Analysis 23.08.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: strong support is at 0.6125 - UOB. Our Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6161 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: 0.6330 Take Profit 2: 0.6400 Learn More Trading Analysis of EUR/USD EUR/USD risks falling to 0.9870 and even to 0.9830 - UOB. Our Analysis: While the price is below 1.0150, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9941 Take Profit 1: 0.9850 Take Profit 2: 0.9800 Alternative scenario: If the level 1.0150 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0150 Take Profit 1: 1.0260 Take Profit 2: 1.0350 Learn More Fundamental Trading Analysis of Amazon From books to e-commerce to cloud hosting, Amazon has achieved unprecedented success in many areas. Our Analysis: As long as the price is above 124.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 132.37 Take Profit 1: 145.00 Take Profit 2: 150.00 Alternative scenario: If the level of 124.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 124.00 Take Profit 1: 116.00 Take Profit 2: 106.00 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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