Tuesday, March 28, 2023

Daily Trading Analysis 28.03.2023

Trading Analysis of NZD/USD

NZD/USD approaches 0.6250 as USD Index resumes a downside journey.







Our Analysis:


While the price is above 0.6130, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6227
  • 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
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Trading Analysis of EUR/USD

EUR/USD clings to the consolidative theme – UOB.








Our Analysis:


While the price is below 1.0750, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.0818
  • Take Profit 1: 1.0875
  • Take Profit 2: 1.1000


Alternative scenario:


If the level 1.0750 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0750
  • Take Profit 1: 1.0700
  • Take Profit 2: 1.0650
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Fundamental Trading

Analysis of Alphabet

Chances are that you, like most, think you missed the Alphabet train.








Our Analysis:


As long as the price is above 96.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 102.47
  • Take Profit 1: 107.00
  • Take Profit 2: 113.00


Alternative scenario:


If the level of 96.00 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 96.00
  • Take Profit 1: 92.00
  • Take Profit 2: 89.00
Learn More
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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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