Tuesday, October 26, 2021

Daily Trading Analysis 26.10.2021

Trading Analysis of NZD/USD
The NZD/USD is consolidating near 0.7150 after an earlier rise.







Our Analysis:

While the price is above 0.7000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7154
  • Take Profit 1: 0.7240
  • Take Profit 2: 0.7320

Alternative scenario:

If the level 0.7000 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7000
  • Take Profit 1: 0.6920
  • Take Profit 2: 0.6855
Trading Analysis of EUR/USD
The EUR/USD pair is recovering from the weekly lows to 1.1615.







Our Analysis:

While the price is below 1.1755, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1609
  • Take Profit 1: 1.1500
  • Take Profit 2: 1.1420

Alternative scenario:

If the level 1.1755 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1755
  • Take Profit 1: 1.1840
  • Take Profit 2: 1.1910
Fundamental Trading
Analysis of Apple
Apple will release its fourth-quarter 2021 fiscal year results this Thursday, which entails investors looking for a fast-growing stock trading at a low price need to act quickly, as the smartphone titan looks poised to deliver solid numbers that will help halt the recent decline in its stock price.

Our Analysis:

As long as the price is above 144.90, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 147.98
  • Take Profit 1: 151.00
  • Take Profit 2: 157.35

Alternative scenario:

If the level of 144.90 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 144.90
  • Take Profit 1: 141.30
  • Take Profit 2: 138.25
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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