Daily Trading Analysis 02.11.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD will continue to rise towards 0.7315 - Westpac. Our Analysis: While the price is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7182 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 Learn More Trading Analysis of EUR/USD The EUR/USD started November with growth and gained 0.24% to 1.1583. Earlier the pair had been declining for 3 days in a row as the dollar was rising and Treasury yields were rising expecting the Fed tapering to start. Our Analysis: While the price is below 1.1690, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1604 Take Profit 1: 1.1490 Take Profit 2: 1.1410 Alternative scenario: If the level 1.1690 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1690 Take Profit 1: 1.1775 Take Profit 2: 1.1910 Learn More Fundamental Trading Analysis of Twitter Shares of Twitter dropped 11% last Wednesday after the management released a mixed Q3 earnings report. Our Analysis: As long as the price is below the 59.20 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 54.83 Take Profit 1: 47.80 Take Profit 2: 45.00 Alternative scenario: If the level of 59.20 is broken-out, follow the recommendations below:          Time frame: D1 Recommendation: long position Entry point: 59.20 Take Profit 1: 64.10 Take Profit 2: 67.00 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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