Daily Trading Analysis 04.07.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD sticks to modest intraday gains above mid-0.6100s, the upside seems limited. Our Analysis: While the price is above 0.6115, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6147 Take Profit 1: 0.6240 Take Profit 2: 0.6300 Alternative scenario: If level 0.6115 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6115 Take Profit 1: 0.6060 Take Profit 2: 0.6000 Learn More Trading Analysis of EUR/USD EUR/USD floats above 1.0870-65 support confluence as softer US data prods hawkish Fed bias. Our Analysis: While the price is above 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0897 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: 1.0750 Take Profit 1: 1.0670 Take Profit 2: 1.0600 Learn More Fundamental Trading Analysis of Tesla Volatility is an inherent characteristic of the stock market, akin to the inseparable combination of peanut butter and jelly. Our Analysis: As long as the price is above 240.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 277.31 Take Profit 1: 285.00 Take Profit 2: 300.00 Alternative scenario: If the 240.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 240.00 Take Profit 1: 223.00 Take Profit 2: 210.00 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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