Daily Trading Analysis 04.04.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD looks set for a smooth ride above 0.6300 ahead of RBNZ decision. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6302 Take Profit 1: 0.6385 Take Profit 2: 0.6460 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: A sustained advance needs to clear 1.0930 – UOB. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0891 Take Profit 1: 1.1000 Take Profit 2: 1.1100 Alternative scenario: If the level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0750 Take Profit 1: 1.0700 Take Profit 2: 1.0650 Learn More Fundamental Trading Analysis of AT&T With a fairly attractive P/E ratio and negative earnings per share over the past twelve months, it seems that something is seriously wrong with AT&T, once a great telecommunications company. Our Analysis: As long as the price is above 19.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 19.34 Take Profit 1: 19.70 Take Profit 2: 20.40 Alternative scenario: If the level of 19.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 19.00 Take Profit 1: 18.50 Take Profit 2: 18.00 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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