Daily Trading Analysis 29.11.2022

Technical & Fundamental analysis

Trading Analysis of NZD/USD NZD/USD regains 0.6200 despite downbeat NZIER forecasts, Fed’s Powell eyed Our Analysis: While the price is above 0.5960, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6212 Take Profit 1: 0.6350 Take Profit 2: 0.6565 Alternative scenario: If the level 0.5960 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5960 Take Profit 1: 0.5850 Take Profit 2: 0.5630 Learn More Trading Analysis of EUR/USD EUR/USD clings to recovery gains below 1.0400 ahead of German inflation. Our Analysis: While the price is above 1.0100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0357 Take Profit 1: 1.0500 Take Profit 2: 1.0800 Alternative scenario: If the level 1.0100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0100 Take Profit 1: 0.9935 Take Profit 2: 0.9750 Learn More Fundamental Trading Analysis of Amazon Amazon stock hit an all-time high of $186.57 on July 8, 2021, during the COVID-19 pandemic, when consumers were forced to stay home and rushed to the e-commerce giant for necessities.  Our Analysis: As long as the price is below 104.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 93.13 Take Profit 1: 85.00 Take Profit 2: 75.00 Alternative scenario: If the level of 104.00 is broken-out, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 104.00 Take Profit 1: 114.00 Take Profit 2: 120.00 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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