Daily Trading Analysis 01.08.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD rises above 0.6200 ahead of US employment data. Our Analysis: While the price is above 0.6120, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6213 Take Profit 1: 0.6250 Take Profit 2: 0.6340 Alternative scenario: If level 0.6120 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6120 Take Profit 1: 0.6050 Take Profit 2: 0.6000 Learn More Trading Analysis of EUR/USD EUR/USD retreats from daily highs, stays above 1.1000. Our Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0999 Take Profit 1: 1.0900 Take Profit 2: 1.0800 Alternative scenario: If level 1.1100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1100 Take Profit 1: 1.1150 Take Profit 2: 1.1250 Learn More Fundamental Trading Analysis of Intel Intel's data center and artificial intelligence (AI) segment, which includes server CPUs, data center GPUs, and AI chips, experienced a 15% year-over-year decline in revenue during the second quarter. Our Analysis: As long as the price is above 34.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 35.86 Take Profit 1: 38.00 Take Profit 2: 41.00 Alternative scenario: If the level of 34.00 is broken-down, follow the recommendations below:   Time frame: D1 Recommendation: short position Entry point: 34.00 Take Profit 1: 32.00 Take Profit 2: 30.00 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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