Wednesday, September 29, 2021

Daily Trading Analysis 29.09.2021

Trading Analysis of GBP/JPY
GBP/JPY is declining from 2-week highs, approaching 151.50.








Our Analysis:

As long as price is above 149.14 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 150.90
  • 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
ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.






Our Analysis:

While the price is above 128.36, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 130.26
  • Take Profit 1: 131.00
  • Take Profit 2: 132.10

Alternative scenario:

If the level 128.36 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 128.36
  • Take profit 1: 126.72
  • Take Profit 2: 125.75

Fundamental Trading
Analysis of Disney
So many things are going on at the Walt Disney theme parks in Florida this week. Disneyland officially turns 50 on Friday, and unveils 18 months of new rides, attractions, and themed merchandise that should make turnstiles click and cash registers ring. 
Our Analysis:

As long as the price is below 184.70, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 175.00
  • Take Profit 1: 168.20
  • Take Profit 2: 164.50

Alternative scenario:

If the level of 184.70 is broken-out, follow the recommendations below:   
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 184.70
  • Take Profit 1: 191.10
  • Take Profit 2: 195.10

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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