Daily Trading Analysis 09.05.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD trades with modest losses around the 0.6330 area, downside seems cushioned. Our Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6335 Take Profit 1: 0.6385 Take Profit 2: 0.6500 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: Upside bias mitigated below 1.0940 – UOB Group. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0997 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 Disney In 2023, Walt Disney is dominating the box office once again with the release of Guardians of the Galaxy Vol 3. Despite falling short of its predecessor's $146 million opening, the film still raked in an impressive $114 million in ticket sales during its debut weekend.  Our Analysis: As long as the price is above 96.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 102.70 Take Profit 1: 108.00 Take Profit 2: 113.00 Alternative scenario: If the 96.00 level is broken-down, follow the recommendations below:     Time frame: D1 Recommendation: short position Entry point: 96.00 Take Profit 1: 93.00 Take Profit 2: 90.00 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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