Monday, August 28, 2023

Daily Trading Analysis 29.08.2023

Trading Analysis of NZD/USD

NZD/USD treads waters to continue winning streak, trades above 0.5900, focus on US data.







Our Analysis:


While the price is below 0.6120, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.5919
  • 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 sticks to modest gains below mid-1.0800s, upside potential seems limited.







Our Analysis:


While the price is below 1.1100, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.0823
  • Take Profit 1: 1.0750
  • Take Profit 2: 1.0650


Alternative scenario:


If level 1.1100 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1000
  • Take Profit 1: 1.1065
  • Take Profit 2: 1.1150
Learn More

Fundamental Trading

Analysis of Amazon

Amazon has achieved remarkable success since its inception in 1994.








Our Analysis:


As long as the price is above 125.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 132.30
  • Take Profit 1: 140.00
  • Take Profit 2: 150.00


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: 110.00
Learn More
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