Daily Trading Analysis 16.04.2021

Technical & Fundamental analysis

Trading Analysis of USD/JPY Head of Bank of Japan Kuroda: risks to the economy and inflation remain downward: Japan's economy is in a tough situation, but is recovering; The Japanese economy will continue to stabilize; Prices will rise as the economy recovers; We will continue to pursue a soft policy in order to get inflation to the 2% target. Our Analysis: Provided that the currency pair is traded above 108.60, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 108.87 Take Profit 1: 109.10 Take Profit 2: 109.25 Alternative scenario: In case of breakdown of the level 108.60, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 108.60 Take Profit 1: 108.45 Take Profit 2: 108.30 Learn More Trading Analysis of GOLD/USD Gold futures prices climbed in U.S. trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,764.65 per troy ounce. Our Analysis: Provided that the price is above 1755.50, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1764.90 Take Profit 1: 1777.50 Take Profit 2: 1784.00 Alternative scenario: In case of breakdown of the level 1755.50, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1755.50   Take Profit 1: 1745.00 Take Profit 2: 1739.00 Learn More Fundamental Trading Analysis of Facebook  Facebook's share price continues to climb. The company is currently trading near historic highs as a large portion of the world's population uses this social platform each month. Nevertheless, rather than a potential user glut indicating a slowdown, a strong balance sheet and its continued expansion in a troublesome environment could conversely lead to more investors interested in the stock of this popular company. Our Analysis: While the price is above 289.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 302.82 Take Profit 1: 328.00 Take Profit 2: 338.00 Alternative scenario: If the level 289.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 289.00 Take Profit 1: 272.00 Take Profit 2: 262.10 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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