Daily Trading Analysis 28.02.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD eyes more downside to near 0.6130 as risk-on impulse retreats, US PMI in focus.  Our Analysis: While the price is below 0.6180, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6140 Take Profit 1: 0.6000 Take Profit 2: 0.5850 Alternative scenario: If the level 0.6180 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6180 Take Profit 1: 0.6290 Take Profit 2: 0.6385 Learn More Trading Analysis of EUR/USD EUR/USD is recovering ground above 1.0600 in early Europe. The pair is resuming its recovery despite resurgent US Dollar demand and a cautious market mood. ECB official Lane joined the chorus for a 50 bps rate hike in March. US data is next in focus. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0593 Take Profit 1: 1.0500 Take Profit 2: 1.0300 Alternative scenario: If the level 1.0750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0750 Take Profit 1: 1.0875 Take Profit 2: 1.1000 Learn More Fundamental Trading Analysis of Disney Following Disney and its ventures over the past several years has been as fascinating as paying money to see one of its movies. Our Analysis: As long as the price is above 97.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 100.19 Take Profit 1: 107.00 Take Profit 2: 113.00 Alternative scenario: If the level of 97.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 97.00 Take Profit 1: 94.00 Take Profit 2: 90.00 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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