Daily Trading Analysis 02.11.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD The NZD/USD ended the week higher, with the U.S. dollar under pressure. Markets are watching the Fed's dovish stance, which the Bank showed despite job growth in the U.S. ANZ Bank economists expect the kiwi will not be able to extend gains while the economy is in a stalemate. Our Analysis: While the price is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7159 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 EUR/USD: has recovered above the 21-DMA and is aiming for 1.1615. Our Analysis: While the price is below 1.1690, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1586 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 Facebook Social media titan Facebook, now Meta Platforms, has recently been in the midst of a whistleblower scandal. A former employee made allegations against the company.  Our Analysis: As long as the price is above the 309.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 338.70 Take Profit 1: 351.00 Take Profit 2: 362.00 Alternative scenario: If the level of 309.00 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 309.00 Take Profit 1: 292.00 Take Profit 2: 282.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org