Daily Trading Analysis 14.02.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD takes offers to refresh intraday low near 0.6330 as New Zealand data disappoints Kiwi buyers during early Tuesday. In doing so, the quote also justifies the mildly offbeat mood and hawkish hopes from the US Federal Reserve (Fed) ahead of the US Consumer Price Index (CPI) for January.  Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6361 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 advances towards 1.0770 as USD Index struggles to find cushion ahead of US CPI Our Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0722 Take Profit 1: 1.0900 Take Profit 2: 1.1000 Alternative scenario: If the level 1.0700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0700 Take Profit 1: 1.0600 Take Profit 2: 1.0500 Learn More Fundamental Trading Analysis of Meta platforms Unlike most major tech companies, Meta Platforms stock has surged after its recent earnings report. Our Analysis: As long as the price is above 155.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 180.70 Take Profit 1: 196.00 Take Profit 2: 220.00 Alternative scenario: If the level of 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.00 Take Profit 1: 141.00 Take Profit 2: 124.00 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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