Daily Trading Analysis 21.03.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: Further strength seems in the pipeline – UOB.  Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6206 Take Profit 1: 0.6290 Take Profit 2: 0.6385 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: 0.6070 Take Profit 2: 0.6000 Learn More Trading Analysis of EUR/USD EUR/USD now seen navigating within 1.0600-1.0800 – UOB. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0708 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 Procter & Gamble Procter & Gamble is about halfway through fiscal 2023, and investors are already seeing clear themes about its growth opportunities. Our Analysis: As long as the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 144.95 Take Profit 1: 150.00 Take Profit 2: 154.00 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: 136.00 Take Profit 2: 133.00 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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