Daily Trading Analysis 05.10.2021

Technical & Fundamental analysis

Trading Analysis of NZD/USD The New Zealand Central Bank is widely expected to raise its key interest rate this week on October 6. Analysts at ING write that such an outcome will support the NZD, although the currency continues to be vulnerable to the markets' general risk sentiment. Our Analysis: While the price is below 0.7080, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6962 Take Profit 1: 0.6900 Take Profit 2: 0.6820 Alternative scenario: If the level 0.7080 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7080 Take Profit 1: 0.7170 Take Profit 2: 0.7240 Learn More Trading Analysis of EUR/USD EUR/USD: the bulls are aiming for 1.1655 - UOB Group. Our Analysis: While the price is below 1.1800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1618 Take Profit 1: 1.1580 Take Profit 2: 1.1420 Alternative scenario: If the level 1.1800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1800 Take Profit 1: 1.1910 Take Profit 2: 1.1980 Learn More Fundamental Trading Analysis of Johnson & Johnson With the S&P 500 Index just 4% below its all-time high, investors watching for secure and rising income have to take a much closer look than they did five or ten years ago. Fortunately, there are still suitable options for investors looking for income with decreased volatility.   Our Analysis: As long as the price is below the 166.40 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00 Take Profit 1: 158.00 Take Profit 2: 156.30 Alternative scenario: If the level of 166.40 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.40 Take Profit 1: 169.50 Take-profit 2: 171.30 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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