Wednesday, November 3, 2021

Daily Trading Analysis 03.11.2021

Trading Analysis of EUR/JPY
EUR/JPY: strong support is expected at 131.50.








Our Analysis:

While the price is above 130.76, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 131.96
  • 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
Trading Analysis of GBP/JPY
GBP/JPY: will remain bearish below 156.50.








Our Analysis:

As long as price is above 154.07 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 155.19
  • 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
Fundamental Trading
Analysis of eBay
Shares of eBay plummeted immediately after the release of its third-quarter financial results on Oct. 27, despite strong revenue and earnings numbers.



Our Analysis:

As long as the price is above the level of 71.90, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 75.55
  • Take profit 1: 83.60
  • Take Profit 2: 86.50

Alternative scenario:

If the level of 71.90 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 71.90
  • Take profit 1: 67.00
  • Take Profit 2: 64.20
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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