Daily Trading Analysis 25.04.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD recovered nicely from 0.6083 but it's in three waves after recent rejection down from 0.6390 resistance. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6165 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 could climb towards the 1.1120 level – UOB Group. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1047 Take Profit 1: 1.1100 Take Profit 2: 1.1200 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 Ethereum Since the beginning of the year, the cryptocurrency market has made a significant comeback, surpassing the $1.25 trillion mark after commencing at approximately $800 billion. Our Analysis: As long as the price is above 1700.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1823.24 Take Profit 1: 2000.00 Take Profit 2: 2100.00 Alternative scenario: If the level of 1700.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1700.00 Take Profit 1: 1600.00 Take Profit 2: 1500.00 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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