Wednesday, September 15, 2021

Daily Trading Analysis 15.09.2021

Trading Analysis of GBP/JPY

According to HSBC, monetary and fiscal policy will put pressure on the pound. 






Our Analysis:

As long as price is above 149.14 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 151.33
  • Take profit 1: 152.50
  • Take Profit 2: 156.27

Alternative scenario:

If the level of 149.14 is broken-down, follow the recommendations below:   
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 149.14
  • Take profit 1: 145.74
  • Take profit 2: 143.72

Trading Analysis of EUR/JPY
The EUR/JPY will rise to resistance at 130.75/131.10- Credit Suisse.






Our Analysis:

While the price is above 129.20, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 129.39
  • Take Profit 1: 130.20
  • Take Profit 2: 131.00

Alternative scenario:

If the level 129.20 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 129.20
  • Take profit 1: 127.84
  • Take Profit 2: 127.03

Fundamental Trading
Analysis of Alphabet 
Investors are probably already familiar with FAANG stock, having seen how these five companies - Facebook, Amazon, Apple, Netflix, and Alphabet - led the Nasdaq Index to all-time highs over the past decade. The importance of these five tech companies cannot be exaggerated, and even through the pandemic, the FAANG five contributed to the tech index reaching new all-time highs.

Our Analysis:

As long as the price is above the 2765.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 2818.91
  • Take Profit 1: 2920.00
  • Take Profit 2: 3000.00

Alternative scenario:

If the level of 2765.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2765.00
  • Take Profit 1: 2680.00
  • Take Profit 2: 2590.00

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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