Friday, September 24, 2021

Daily Trading Analysis 24.09.2021

Trading Analysis of NZD/CAD

Trudeau's party won the election in Canada, but again failed to get a majority.






Our Analysis:

As long as price is above 0.8776 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8941
  • Take Profit 1: 0.9100
  • Take Profit 2: 0.9175

Alternative scenario:

If the level of 0.8776 is broken-down, follow the recommendations below:   
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8776
  • Take profit 1: 0.8595
  • Take profit 2: 0.8487

Trading Analysis of NZD/CHF

As stated by the head of the SNB T. Jordan, commenting on the results of the Swiss central bank's monetary policy meeting: At the moment, the course of the expansionary monetary policy of the central bank is correct and there is no reason to change it.

Our Analysis:

While the price is above 0.6382, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6523
  • Take Profit 1: 0.6600
  • Take Profit 2: 0.6698

Alternative scenario:

If the level 0.6382 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6382
  • Take profit 1: 0.6241
  • Take Profit 2: 0.6157

Fundamental Trading
Analysis of eBay 
In 2021, the e-commerce and auction company, eBay, is certainly feeling great. The company attracted a record number of customers at the beginning of the pandemic as people tended to avoid shopping in stores. 
Our Analysis:

As long as the price is above the 70.60 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 74.11
  • Take profit 1: 79.80
  • Take Profit 2: 82.20

Alternative scenario:

If the level of 70.60 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 70.60
  • Take profit 1: 66.70
  • Take Profit 2: 64.40

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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