Tuesday, October 25, 2022

Daily Trading Analysis 25.10.2022

Trading Analysis of NZD/USD

NZD/USD now faces further consolidation short term – UOB.








Our Analysis:


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

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.5706
  • 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
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Trading Analysis of EUR/USD

EUR/USD remains to trade below the 0.99 mark. Economists at Commerzbank note that there is a deadlock in the world's most popular currency pair.




Our Analysis:


While the price is below 0.9950, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.9873
  • 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
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Fundamental Trading

Analysis of Home Depot

A dividend growth investing strategy can be profitable: buy and hold high-quality stocks that increase profits each year and share them with your investors.




Our Analysis:


As long as the price is below 290.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 283.63
  • Take Profit 1: 267.00
  • Take Profit 2: 260.00


Alternative scenario:


If the level of 290.00 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 290.00
  • Take Profit 1: 308.00
  • Take Profit 2: 315.00
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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