Daily Trading Analysis 01.09.2021

Technical & Fundamental analysis

Trading Analysis of GBP/JPY The British pound struggled again on Tuesday as it continues to dodge a break above the 151.50 area. Our Analysis: As long as price is above 149.01 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.27 Take Profit 1: 151.99 Take Profit 2: 154.82 Alternative scenario: If the level of 149.01 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 149.01 Take profit 1: 146.31 Take profit 2: 144.70 Learn More Trading Analysis of EUR/JPY The EUR/JPY's recovery looks solid and the pair rose to 130.00 for the third consecutive day. Our Analysis: While the price is above 128.33, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.87 Take Profit 1: 130.50 Take Profit 2: 132.86 Alternative scenario: If the level 128.33 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.33 Take profit 1: 126.72 Take Profit 2: 125.76 Learn More Fundamental Trading Analysis of Home Depot Home Depot, the home improvement retailer, has delivered impressive returns for investors over the past decade, growing 865% over that period, more than three times the returns of the broad market. The company is doing better than ever, thanks to a booming housing market that is driving demand for building and home improvement products. Our Analysis: As long as the price is below 332.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 323.38 Take Profit 1: 307.00 Take Profit 2: 301.00 Alternative scenario: If the level of 332.00 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 332.00 Take Profit 1: 343.00 Take Profit 2: 349.00 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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