Daily Trading Analysis 11.10.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD: Risk appetite remains stressed, undermining the kiwi – ANZ. Our Analysis: While the price is below 0.5850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5555 Take Profit 1: 0.5500 Take Profit 2: 0.5400 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 Learn More Trading Analysis of EUR/USD EUR/USD has established below 0.9700. Economists at ING expect the pair to build a new 0.90-0.95 trading range. Our Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9629 Take Profit 1: 0.9565 Take Profit 2: 0.9400 Alternative scenario: If the level 0.9950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.9950 Take Profit 1: 1.0200 Take Profit 2: 1.0370 Learn More Fundamental Trading Analysis of Tesla EV cars maker Tesla is finally to begin ramping up production of its long-awaited semi-truck, and the first sales are set to start Dec. 1. Our Analysis: As long as the price is below 240.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 221.97 Take Profit 1: 215.00 Take Profit 2: 200.00 Alternative scenario: If the level of 240.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 240.00 Take Profit 1: 256.00 Take Profit 2: 275.00 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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