Daily Trading Analysis 22.10.2021

Technical & Fundamental analysis

Trading Analysis of NZD/CHF The recent strengthening of the NZD led the NZD/CHF pair to go beyond the upper boundary of the 20-day SMA-based Bollinger Band. If a close inside occurs, it could mean that bullish momentum has weakened and a bearish trend could develop. Our Analysis: As long as the price is above the 178.40 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 181.94 Take Profit 1: 188.70 Take Profit 2: 188.70 Alternative scenario: If the level of 178.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 178.40  Take Profit 1: 173.80 Take Profit 2: 171.80 Learn More Trading Analysis of NZD/CAD Canada: new home prices up 0.4% MoM in September. Our Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8847 Take Profit 1: 0.8900 Take Profit 2: 0.8990 Alternative scenario: If the level of 0.8650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8650 Take profit 1: 0.8502 Take profit 2: 0.8414 Learn More Fundamental Trading Analysis of 3M Industrial giant 3M will publish its Q3 earnings on Oct. 26. As always, quarterly earnings reports help shape investor thinking, whether it's near-term or long-term. Our Analysis: As long as the price is above 157.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.71 Take Profit 1: 169.80 Take Profit 2: 171.90 Alternative scenario: If the level of 157.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.80 Take Profit 1: 154.10 Take-profit 2: 151.90 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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