Daily Trading Analysis 08.11.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZDUSD is plotting highs for the week in Asia, extending on the start of the week's rally in a risk-on environment. The high beta currencies have been finding demand due to signs of some easing of market conditions. Our Analysis: While the price is above 0.5750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5914 Take Profit 1: 0.6050 Take Profit 2: 0.6200 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: 0.5600 Take Profit 2: 0.5470 Learn More Trading Analysis of EUR/USD EUR/USD: The Euro is stable with eyes on parity again. Our Analysis: While the price is above 0.9870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0001 Take Profit 1: 1.0100 Take Profit 2: 1.0300 Alternative scenario: If the level 0.9870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9870 Take Profit 1: 0.9730 Take Profit 2: 0.9570 Learn More Fundamental Trading Analysis of Verizon Shareholders of the U.S. telecommunications titan Verizon Communications have had a very difficult year. Our Analysis: As long as the price is below 40.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 37.07 Take Profit 1: 35.00 Take Profit 2: 30.00 Alternative scenario: If the level of 40.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 40.00 Take Profit 1: 43.00 Take Profit 2: 46.00 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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