Daily Trading Analysis 18.07.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD hits fresh daily high, back near mid-0.6200s amid renewed USD selling. Our Analysis: While the price is above 0.6250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6338 Take Profit 1: 0.6400 Take Profit 2: 0.6500 Alternative scenario: If level 0.6250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6250 Take Profit 1: 0.6200 Take Profit 2: 0.6150 Learn More Trading Analysis of EUR/USD EUR/USD strengthens beyond mid-1.1200s, highest since February 2022 on weaker USD. Our Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1285 Take Profit 1: 1.1300 Take Profit 2: 1.1400 Alternative scenario: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1100 Take Profit 1: 1.1000 Take Profit 2: 1.0900 Learn More Fundamental Trading Analysis of Amazon Undoubtedly, Alphabet stands out as one of the most exceptional businesses worldwide. Our Analysis: As long as the price is above 125.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 132.62 Take Profit 1: 136.00 Take Profit 2: 143.00 Alternative scenario: If the level of 125.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 125.00 Take Profit 1: 120.00 Take Profit 2: 113.00 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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