Daily Trading Analysis 22.08.2023

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD treads water around 0.5930 as US bond yields hits its highest since 2007. Our Analysis: While the price is below 0.6120, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5934 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 EUR/USD trades with a positive bias above the 1.0900 mark amid modest USD weakness. Our Analysis: While the price is below 1.1000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0909 Take Profit 1: 1.0850 Take Profit 2: 1.0750 Alternative scenario: If level 1.1000 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 Tesla Tesla's second-quarter results, which concluded on June 30, revealed revenue of $24.9 billion and adjusted earnings per share of $0.91—both significantly exceeding expectations set by Wall Street. Our Analysis: As long as the price is above 210.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 230.47 Take Profit 1: 265.00 Take Profit 2: 297.00 Alternative scenario: If the 210.00 level is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 210.00 Take Profit 1: 188.00 Take Profit 2: 165.00 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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