Daily Trading Analysis 13.06.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD aims to recapture 0.6150 amid lackluster USD Index ahead of US CPI. Our Analysis: While the price is above 0.6080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6127 Take Profit 1: 0.6200 Take Profit 2: 0.6300 Alternative scenario: If level 0.6080 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6080 Take Profit 1: 0.6000 Take Profit 2: 0.5900 Learn More Trading Analysis of EUR/USD EUR/USD could advance to the 1.0850 region – UOB Group. Our Analysis: While the price is above 1.0670, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0789 Take Profit 1: 1.0830 Take Profit 2: 1.0920 Alternative scenario: If level 1.0670 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0670 Take Profit 1: 1.0600 Take Profit 2: 1.0540 Learn More Fundamental Trading Analysis of Bitcoin After the SEC filed a lawsuit against Binance and its CEO Changpeng Zhao, Bitcoin's price plunged to $25,500. Our Analysis: As long as the price is above 25000.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 26032.00 Take Profit 1: 31000.00 Take Profit 2: 33000.00 Alternative scenario: If the 25000.00 level is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 25000.00 Take Profit 1: 24000.00 Take Profit 2: 21500.00 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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