Daily Trading Analysis 11.04.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: Further weakness should not be ruled out – UOB. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6228 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 approaches 1.0900 amid upbeat market mood ahead of US Inflation. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0890 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 Microsoft Microsoft shares gained more than 15% last month, according to S&P Global Market Intelligence. Investors reacted positively to news related to the company's anticipated acquisition of gaming industry leader Activision Blizzard. Our Analysis: As long as the price is above 275.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 289.03 Take Profit 1: 294.00 Take Profit 2: 304.00 Alternative scenario: If the level of 275.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 275.00 Take Profit 1: 267.00 Take Profit 2: 267.00 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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