Daily Trading Analysis 20.06.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD declines towards 0.6150 as Fed to keep interest rates higher this year. Our Analysis: While the price is above 0.6080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6178 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 remains on the defensive amid modest USD strength, the downside seems cushioned. Our Analysis: While the price is above 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0929 Take Profit 1: 1.0970 Take Profit 2: 1.1060 Alternative scenario: If level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.06750 Take Profit 1: 1.0670 Take Profit 2: 1.0600 Learn More Fundamental Trading Analysis of Amazon Investors in Amazon have faced a challenging period, as the company's stock experienced significant highs during the COVID-19 pandemic but then suffered a sharp decline in 2022 due to broader economic challenges. Our Analysis: As long as the price is above 118.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 125.43 Take Profit 1: 130.00 Take Profit 2: 135.00 Alternative scenario: If the 118.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 118.00 Take Profit 1: 113.00 Take Profit 2: 109.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org