Tuesday, October 19, 2021

Daily Trading Analysis 19.10.2021

Trading Analysis of NZD/USD
NZD/USD: 1-month forecast raised to 0.70 - Rabobank.







Our Analysis:

While the price is above 0.6960, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7083
  • Take Profit 1: 0.7160
  • Take Profit 2: 0.7240

Alternative scenario:

If the level 0.6960 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6960
  • Take Profit 1: 0.6905
  • Take Profit 2: 0.6855
Trading Analysis of EUR/USD
EUR/USD: The pair's rise has stalled at 1.1610.








Our Analysis:

While the price is below 1.1800, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1611
  • Take Profit 1: 1.1500
  • 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
Fundamental Trading
Analysis of Intel
Intel will have another chance to breathe life into its dropping stock when it reports its third-quarter results on Thursday, Oct. 21.




Our Analysis:

As long as the price is above the 52.50 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 54.36
  • Take Profit 1: 56.50
  • Take Profit 2: 57.50

Alternative scenario:

If the level of 52.50 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 52.50
  • Take Profit 1: 50.90
  • Take Profit 2: 49.90
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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