Daily Trading Analysis 06.06.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD clings to mild gains below 0.6100 on upbeat NZ data, softer US Dollar.  Our Analysis: While the price is below 0.6100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6087 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 cautiously cheers hawkish ECB bias above 1.0700, German Factory Orders, EU Retail Sales eyed. Our Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0728 Take Profit 1: 1.0600 Take Profit 2: 1.0500 Alternative scenario: If level 1.0750 is broken-out, 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 Apple Apple holds a prominent position in Berkshire Hathaway's investment portfolio, representing a staggering $165 billion and constituting 48% of the allocation (as of March 31). Our Analysis: As long as the price is above 170.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 179.19 Take Profit 1: 185.00 Take Profit 2: 191.00 Alternative scenario: If the 170.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 170.00 Take Profit 1: 165.00 Take Profit 2: 160.00 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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