Daily Trading Analysis 27.10.2021

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY seems to have regained its bullish momentum, reversing after another pullback and may target 133.50. Our Analysis: While the price is above 130.76, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 133.27 Take Profit 1: 134.00 Take Profit 2: 135.82 Alternative scenario: If the level 130.76 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130.76 Take profit 1: 128.44 Take Profit 2: 127.06 Learn More Trading Analysis of GBP/JPY A glance at the daily Ichimoku charts shows that the bullish momentum remains strong. There is no evidence that the high of 158.22 is confirmed.  Our Analysis: As long as price is above 154.07 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.10 Take profit 1: 158.50 Take Profit 2: 161.50 Alternative scenario: If the level of 154.07 is broken-down, follow the recommendations below:       Time frame: D1 Recommendation: short position Entry point: 154.07 Take profit 1: 150.53 Take profit 2: 148.43 Learn More Fundamental Trading Analysis of IBM IBM shares fell nearly 10 percent to a seven-month low on Oct. 21 after the tech behemoth released a weak Q3 report Our Analysis: As long as the price is below the 136.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 127.00 Take Profit 1: 118.10  Take Profit 2: 113.90 Alternative scenario: If the level of 136.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.00 Take Profit 1: 143.30 Take Profit 2: 147.60 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org