Daily Trading Analysis 08.10.2021

Technical & Fundamental analysis

Trading Analysis of NZD/CHF The RBNZ raised the rate by 0.25% as expected. Our Analysis: While the price is below 0.6551, follow the recommendations below: Time frame: D1 Recommendation:short position Entry point: 0.6433 Take Profit 1: 0.6400 Take Profit 2: 0.6263 Alternative scenario: If the level 0.6551 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6551 Take profit 1: 0.6679 Take Profit 2: 0.6756 Learn More Trading Analysis of NZD/CAD Canada: trade surplus +1.94 billion in August. Our Analysis: As long as price is below 0.9022 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8699 Take Profit 1: 0.8617 Take Profit 2: 0.8525 Alternative scenario: If the level of 0.9022 is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 0.9022 Take profit 1: 0.9178 Take profit 2: 0.9270 Learn More Fundamental Trading Analysis of Tesla The positive news from Tesla continues with the latest production numbers. In the third quarter of 2021, deliveries exceeded analysts' expectations by several thousand vehicles.  Our Analysis: As long as the price is above the 738.00 level, follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 792.06 Take Profit 1: 819.00 Take Profit 2: 839.00 Alternative scenario: If the 738.00 level is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 738.00 Take Profit 1: 707.00 Take Profit 2: 668.00 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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