Tuesday, October 4, 2022

Daily Trading Analysis 04.10.2022

Trading Analysis of NZD/USD

NZD/USD now points to some consolidation – UOB.








Our Analysis:


While the price is below 0.5850, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.5714
  • Take Profit 1: 0.5600
  • Take Profit 2: 0.5500


Alternative scenario:


If the level 0.5850 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.5850
  • Take Profit 1: 0.6000
  • Take Profit 2: 0.6160
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Trading Analysis of EUR/USD

EUR/USD keeps its consolidation well in place – UOB.








Our Analysis:


While the price is below 0.9850, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.9825
  • Take Profit 1: 0.9500
  • Take Profit 2: 0.9400


Alternative scenario:


If the level 0.9850 is broken-out, follow the recommendations below

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.9850
  • Take Profit 1: 1.0000
  • Take Profit 2: 1.0130
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Fundamental Trading

Analysis of Coca-Cola

The good news about markets hitting new lows is that investors can snatch up stocks that rarely sell off at incredibly low prices.





Our Analysis:


While the price is below 59.00, follow the recommendations below

  • Time frame: D1
  • Recommendation:short position
  • Entry point: 56.59
  • Take Profit 1: 55.00
  • Take Profit 2: 53.00


Alternative scenario:


If the level 59.00 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 59.00
  • Take Profit 1: 60.00
  • Take Profit 2: 61.00
Learn More
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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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