Daily Trading Analysis 30.05.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD prints mild gains around 0.6050 inside a bullish triangle formation portrayed at the yearly low. In doing so, the Kiwi pair justifies the RSI (14) line’s recovery from the oversold territory, as well as the bullish MACD signals, during early Tuesday  Our Analysis: While the price is below 0.6100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6027 Take Profit 1: 0.6000 Take Profit 2: 0.5900 Alternative scenario: If the level 0.6100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6100 Take Profit 1: 0.6150 Take Profit 2: 0.6200 Learn More Trading Analysis of EUR/USD EUR/USD: A breakdown of 1.0650 appears unlikely – UOB Group. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0686 Take Profit 1: 1.0600 Take Profit 2: 1.0500 Alternative scenario: If the level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0750 Take Profit 1: 1.0830 Take Profit 2: 1.0920 Learn More Fundamental Trading Analysis of McDonald's McDonald's, the popular fast-food chain, has experienced significant success in the past decade, surpassing the performance of the S&P 500. Our Analysis: As long as the price is above 275.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 285.99 Take Profit 1: 300.00 Take Profit 2: 320.00 Alternative scenario: If the 275.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 275.00 Take Profit 1: 270.00 Take Profit 2: 260.00 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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