Daily Trading Analysis 01.11.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD marches towards 0.5880 hurdle with eyes on RBNZ’s Orr, NZ employment data Our Analysis: While the price is above 0.5750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5865 Take Profit 1: 0.6000 Take Profit 2: 0.6160 Alternative scenario: If the level 0.5750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5750 Take Profit 1: 0.5620 Take Profit 2: 0.5500 Learn More Trading Analysis of EUR/USD EUR/USD extends gains above 0.9900 as the US dollar loses further ground. Our Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9931 Take Profit 1: 0.9700 Take Profit 2: 0.9565 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: 1.0800 Take Profit 2: 1.0200 Learn More Fundamental Trading Analysis of Boeing Last week, Boeing announced a resumption of revenue growth in Q3 and free cash flow generation of $2.9 billion. Our Analysis: As long as the price is above 131.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 142.30 Take Profit 1: 150.00 Take Profit 2: 170.00 Alternative scenario: If the level of 131.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 131.00 Take Profit 1: 121.00 Take Profit 2: 110.00 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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