Daily Trading Analysis 13.11.2020

Technical & Fundamental analysis

Trading Analysis of NZD/USD As the head of the Central Bank of New Zealand, Adrian Orr, stated in an interview with Bloomberg TV: He is satisfied with the current monetary policy of the Bank, in particular with FLP and QE programs; Believes in the effectiveness of the "financing for credit" program; Purchases of foreign assets "are not a preferred option"; Assumptions about further economic growth are highly questionable; The new coronavirus attack is a reminder of the risks ahead. Our Analysis: Provided that the currency pair is traded below 0.6846, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.6622 Take Profit 1: 0.6782 Take Profit 2: 0.6767 Alternative scenario: In case of breakout of the level 0.6846, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.6846 Take Profit 1: 0.6872 Take Profit 2: 0.6888 Learn More Trading Analysis of GOLD/USD Gold prices have changed little since Tuesday as concerns over the wide availability of a potential coronavirus vaccine and expectations of new incentives offset the effects of demand on risk assets and the strengthening dollar. Our Analysis: Provided that the price is above 1867.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1879.00 Take Profit 1: 1890.00 Take Profit 2: 1900.00   Alternative scenario: In case of breakdown of the level 1867.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1867.00 Take Profit 1: 1857.00 Take Profit 2: 1850.00 Learn More Fundamental Trading Analysis of EXXOMOBIL ExxonMobil has made it a priority to maintain dividends, while oil prices remain low. Is it worth buying Exxon shares now? Let's take a look at the company reports and the market situation in general. On October 30, Exxon reported a loss of 18 cents per share in the 3rd quarter against a profit of 68 cents per share in the corresponding quarter last year. Wall Street expected a loss of 28 cents per share. Revenue fell 29 percent to $46.2 billion, down from a projected $49.5 billion. Our Analysis: While the price is above 32.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 35.23 Take Profit 1: 39.90 Take Profit 2: 41.70 Alternative scenario: If the level 32.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 32.60 Take Profit 1: 29.60 Take Profit 2: 27.90 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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