Wednesday, January 5, 2022

Daily Trading Analysis 05.01.2022

Trading Analysis of EUR/JPY
ECB, Villeroy: Inflation in France and the euro area is about to peak.







Our Analysis:

While the price is above 127.70, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 131.02
  • Take Profit 1: 132.00
  • Take Profit 2: 133.55

Alternative scenario:

If the level 127.70 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 127.70
  • Take profit 1: 124.92
  • Take Profit 2: 123.26
Trading Analysis of GBP/JPY
Inflation in Britain may exceed the 7% mark - The Times.







Our Analysis:

As long as price is above 150.97 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 156.87
  • Take profit 1: 157.65
  • Take Profit 2: 159.29

Alternative scenario:

If the level of 150.97 is broken-down, follow the recommendations below:              
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 150.97
  • Take profit 1: 146.92
  • Take profit 2: 144.51
Fundamental Trading
Analysis of Alphabet
In 2020, investors focused on the technology sector chased a large number of high-growth stocks with high valuations. In 2021, though, that strategy backfired, as concerns about inflation and rising interest rates trounced many of these high-growth stocks.

Our Analysis:

As long as the price is below 3019.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2886.00
  • Take Profit 1: 2770.00
  • Take Profit 2: 2709.00

Alternative scenario:

If the level of 3019.00 is broken-out, follow the recommendations below:       
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 3019.00
  • Take Profit 1: 3125.00
  • Take Profit 2: 3189.00
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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