Daily Trading Analysis 03.01.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD The NZD/USD pair has witnessed a sell-off in the Asian session despite upbeat China’s Caixin Manufacturing PMI data.. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6323 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 The EUR/USD pair has sensed buying interest after dropping to near 1.0650 in the Asian session. The major currency pair has recovered as the rebound move in the US Dollar Index (DXY) has faded. Our Analysis: While the price is above 1.0600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0656 Take Profit 1: 1.0800 Take Profit 2: 1.0900 Alternative scenario: If the level 1.0600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0600 Take Profit 1: 1.0465 Take Profit 2: 1.0370 Learn More Fundamental Trading Analysis of Alphabet Last year was a terrible year for Alphabet stock. The tech giant's stock tanked 40%, mirroring the poor performance of most of its peers in the tech business. Our Analysis: As long as the price is below 101.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 88.29 Take Profit 1: 83.00 Take Profit 2: 75.00 Alternative scenario: If the level of 101.00 is broken-out, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 101.00 Take Profit 1: 107.00 Take Profit 2: 112.00 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