CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 07/11/2022

Fundamental analysis

07 November, 2022

The EUR/USD pair was sharply higher and traded at 0.9918. Eurozone Services PMI for October printed 48.6 vs 48.2 expected. German Services PMI for October printed 46.5 vs 44.9 expected. German Factory Orders Month-on-Month for September was reported at -4.0% vs -0.5% expected. Spanish Services PMI for October at 49.7. The consensus was 48.3. Italian Services PMI for October printed 46.4 vs 48.5 expected. French Service PMI for October printed 51.7. The consensus was 51.3. German Industrial Production Month-on-Month for October printed X.X vs 0.2% expected. The United States Nonfarm Payrolls for October printed 261k vs 200k expected. The Unemployment Rate for October reported 3.7% vs 3.5% expected.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/11/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/11/2022

Support & Resistance Level Explanation
Resistance 2 1.0040 Daily R2
Resistance 1 0.9999 Daily R1
Support 1 0.9890 Daily S1
Support 2 0.9849 Daily S2

EURUSD Indicator Table - 07/11/2022

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Sell
RSI (14) Buy
Stochastic ( 9;6;3) Sell

EURUSD Indicator / Period Table - 07/11/2022

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy SellSell
SMA 20 Buy SellSell

EURUSD 07/11/2022 - Reference Price : 0.9943

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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