Wednesday, November 10, 2021

Daily Trading Analysis 10.11.2021

Trading Analysis of EUR/JPY
ECB, Knot: conditions for a rate hike are unlikely to be met in 2022.







Our Analysis:

While the price is below 133.15, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 130.82
  • Take Profit 1: 130.00
  • Take Profit 2: 127.79

Alternative scenario:

If the level 133.15 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 133.15
  • Take profit 1: 135.57
  • Take Profit 2: 137.01
Trading Analysis of GBP/JPY
Bank of Japan, Kuroda: we will continue to control the yield curve even after the pandemic.






Our Analysis:

As long as price is below 154.07 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 152.93
  • Take profit 1: 158.503
  • Take Profit 2: 148.43

Alternative scenario:

If the level of 154.07 is broken-out, follow the recommendations below:          
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 154.07
  • Take profit 1: 158.50
  • Take profit 2: 161.50
Fundamental Trading
Analysis of Apple
Apple's stock price plunged recently after the tech giant released a mixed Q4 earnings report. 





Our Analysis:

As long as the price is above 146.50, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 150.20
  • Take Profit 1: 157.70
  • Take Profit 2: 160.40

Alternative scenario:

If the level of 146.50 is broken-down, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 146.50
  • Take Profit 1: 142.00
  • Take Profit 2: 139.10
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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