Daily Trading Analysis 12.02.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD The NZD/USD broke out of its daily trading range at the start of the U.S. session. The dollar index fell before Wall Street opened. Jobless claims data showed higher than expected. Our Analysis: Provided that the currency pair is traded below 0.7241, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7246 Take Profit 1: 0.7179 Take Profit 2: 0.7162 Alternative scenario: In case of breakout of the level 0.7241, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7241 Take Profit 1: 0.7270 Take Profit 2: 0.7287 Learn More Trading Analysis of GOLD/USD Gold futures prices declined during Asian trading on Friday. On COMEX, a division of the New York Mercantile Exchange, gold futures for April delivery are trading at $1,822.85 per troy ounce, down 0.22% at the moment of writing. Our Analysis: Provided that the price is below 1831.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point:1821.00 Take Profit 1: 1811.00 Take Profit 2: 1808.00  Alternative scenario: In case of breakout of the level 1831.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1831.00 Take Profit 1: 1838.00 Take Profit 2: 1847.00 Learn More Fundamental Trading Analysis of Chevron  When Chevron presented its fourth-quarter 2020 earnings report, CEO Mike Wirth defined it as "an unprecedented year." That's an underestimation, keeping in mind that oil prices actually dropped below zero at one point. But the oil giant has lost its way, and it stands a good chance of capitalizing on this as oil prices rebound. Here are a few key things to consider if you're considering this integrated energy giant with a high dividend yield of 5.8%.  Our Analysis:  While the price is above 83.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 92.00 Take Profit 1: 96.30 Take Profit 2: 103.30 Alternative scenario: If the level 83.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 83.00 Take Profit 1: 77.50 Take Profit 2: 70.00 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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