Daily Trading Analysis 11.10.2021

Technical & Fundamental analysis

Trading Analysis of USD/CAD NBF economists expect USD/CAD to fall to 1.20 next year. Our Analysis: While the price is below 1.2700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2469 Take Profit 1: 1.2400 Take Profit 2: 1.2300 Alternative scenario: If the level 1.2700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2700 Take Profit 1: 1.2830 Take Profit 2: 1.2950 Learn More Trading Analysis of AUD/USD The AUD/USD pair encountered resistance at 0.7350 - UOB. Our Analysis: Provided that the currency pair is traded below 0.7375, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7304 Take Profit 1: 0.7165 Take Profit 2: 0.7000 Alternative scenario: In case of break-out of the level 0.7375, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7375 Take Profit 1: 0.7465 Take Profit 2: 0.7600 Learn More Fundamental Trading Analysis of IBM Over the past three years, IBM stock was down about 5%, while the S&P 500 was up about 50%. Numerous investors have neglected the stock of the aging tech giant as management struggled to generate steady revenue growth. Our Analysis: As long as the price is above the 139.80 level, follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 143.32 Take Profit 1: 149.70  Take Profit 2: 149.50 Alternative scenario: If the level of 139.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 139.80 Take Profit 1: 136.10 Take Profit 2: 133.90 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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