Daily Trading Analysis 12.10.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: consolidation is expected between 0.6875 and 0.7000 - UOB Group. Our Analysis: While the price is below 0.7080, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6934 Take Profit 1: 0.6900 Take Profit 2: 0.6820 Alternative scenario: If the level 0.7080 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7080 Take Profit 1: 0.7170 Take Profit 2: 0.7240 Learn More Trading Analysis of EUR/USD EUR/USD: chances to test 1.1500 are decreasing - UOB Group. Our Analysis: While the price is below 1.1800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1552 Take Profit 1: 1.1490 Take Profit 2: 1.1420 Alternative scenario: If the level 1.1800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1800 Take Profit 1: 1.1910 Take Profit 2: 1.1980 Learn More Fundamental Trading Analysis of Citigroup As you could see, Citigroup stock has performed well over the past few months. In addition, over the long term, analysts expect the bank's stock to rise significantly as it implements its renewal strategy and fixes its regulatory problems.  Our Analysis: As long as the price is above the 69.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 71.54 Take Profit 1: 76.60 Take Profit 2: 78.40 Alternative scenario: If the level of 69.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 69.00 Take Profit 1: 66.60 Take Profit 2: 64.20 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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