Daily Trading Analysis 11.07.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD grinds near three-week high above 0.6200 as Kiwi traders brace for RBNZ, US inflation. Our Analysis: While the price is above 0.6115, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6197 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: A test of the 2023 high appears on the cards – UOB Group Our Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1012 Take Profit 1: 1.1060 Take Profit 2: 1.1130 Alternative scenario: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0850 Take Profit 1: 1.0800 Take Profit 2: 1.0750 Learn More Fundamental Trading Analysis of Alphabet Undoubtedly, Alphabet stands out as one of the most exceptional businesses worldwide. Our Analysis: As long as the price is above 109.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 116.20 Take Profit 1: 123.00 Take Profit 2: 128.00 Alternative scenario: If the 109.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 109.00 Take Profit 1: 104.00 Take Profit 2: 100.00 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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