Daily Trading Analysis 15.08.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD recovers some lost ground near 0.5980 following Chinese data. Our Analysis: While the price is above 0.6120, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5979 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If level 0.6120 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6120 Take Profit 1: 0.6250 Take Profit 2: 0.6340 Learn More Trading Analysis of EUR/USD Euro bears keep reins below 1.0980 despite corrective bounce ahead of US Retail Sales. Our Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0920 Take Profit 1: 1.0850 Take Profit 2: 1.0750 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: 1.1065 Take Profit 2: 1.1150 Learn More Fundamental Trading Analysis of Meta Platforms Achieving a valuation of $1 trillion or beyond is undoubtedly noteworthy, given that there are currently only six companies that have attained this milestone. Our Analysis: As long as the price is above 288.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 305.75 Take Profit 1: 325.00 Take Profit 2: 345.00 Alternative scenario: If the 288.00 level is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 288.00 Take Profit 1: 273.00 Take Profit 2: 259.00 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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