Daily Trading Analysis 28.09.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD EUR/USD is trading near the bottom of the September range, which is near the yearly low at 1.1663. The short-term sentiment remains neutral with a bearish bias as the pair has attracted sellers near the moderately bearish 20 SMA at 1.1720. Our Analysis: While the price is below 1.1910, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1692 Take Profit 1: 1.1660 Take Profit 2: 1.1580 Alternative scenario: If the level 1.1910 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1910 Take Profit 1: 1.1980 Take Profit 2: 1.2060 Learn More Trading Analysis of NZD/USD Prime Minister Jacinda Ardern and the Director-General of Health Dr Ashley Bloomfield report eight new cases of Covid-19. Our Analysis: While the price is below 0.7170, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7006 Take Profit 1: 0.6940 Take Profit 2: 0.6875 Alternative scenario: If the level 0.7170 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7170 Take Profit 1: 0.7240 Take Profit 2: 0.7320 Learn More Fundamental Trading Analysis of Pfizer Many would agree that a half victory is better than a total defeat. Pfizer and BioNTech have seen this through firsthand experience. Our Analysis: As long as the price is below the 45.70 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 43.53 Take Profit 1: 41.80 Take Profit 2: 40.90 Alternative scenario: If the level of 45.70 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 45.70 Take Profit 1: 47.40 Take Profit 2: 48.40 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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