Daily Trading Analysis 06.12.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD faces barricades around 0.6350 as risk-on impulse retreats, USD Index recovers. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6307 Take Profit 1: 0.6565 Take Profit 2: 0.6800 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6130 Take Profit 1: 0.5850 Take Profit 2: 0.5630 Learn More Trading Analysis of EUR/USD EUR/USD steadies near 1.0500 after reversing from a multi-day high, Fed vs. ECB concerns eyed. Our Analysis: While the price is above 1.0300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0479 Take Profit 1: 1.0600 Take Profit 2: 1.0800 Alternative scenario: If the level 1.0300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0300 Take Profit 1: 1.0150 Take Profit 2: 1.0000 Learn More Fundamental Trading Analysis of Procter & Gamble Procter & Gamble shares were up 10.8% last month, according to S&P Global Market Intelligence Our Analysis: As long as the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.04 Take Profit 1: 155.00 Take Profit 2: 165.00 Alternative scenario: If the level of 140.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 140.00 Take Profit 1: 130.00 Take Profit 2: 135.00 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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