Daily Trading Analysis 23.11.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD Market participants are actively monitoring the RBNZ meeting to be held on Wednesday (the bank's rate decision will be published at 01:00 GMT). It is not ruled out that the RBNZ leaders will decide to raise the interest rate again. Our Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6926 Take Profit 1: 0.6900 Take Profit 2: 0.6855 Alternative scenario: If the level 0.7160 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7160 Take Profit 1: 0.7225 Take Profit 2: 0.7300 Learn More Trading Analysis of EUR/USD The EUR/USD made a new low of 2021 during the American session, sliding from 1.1280 to 1.1230 after the White House administration decided to re-nominate the current Fed governor J. Powell. Our Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1234 Take Profit 1: 1.1170 Take Profit 2: 1.1100 Alternative scenario: If the level 1.1530 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1530 Take Profit 1: 1.1690 Take Profit 2: 1.1800 Learn More Fundamental Trading Analysis of General Electric General Electric's announcement earlier this month that the company plans to split into three separate businesses definitely amazed the market. Our Analysis: As long as the price is below 107.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 101.05 Take Profit 1: 96.20 Take Profit 2: 93.70 Alternative scenario: If the level of 107.30 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 107.30 Take Profit 1: 111.80 Take Profit 2: 114.40 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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