Wednesday, February 23, 2022

Daily Trading Analysis 23.02.2022

Trading Analysis of EUR/JPY
European Central Bank (ECB) board member Robert Holzmann said in an interview with NNZ: "The ECB may raise rates before it stops buying bonds."



Our Analysis:

While the price is below 132.56, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 130.16
  • Take Profit 1: 128.25
  • Take Profit 2: 125.73

Alternative scenario:

If the level 132.56 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 132.56
  • Take profit 1: 135.61
  • Take Profit 2: 137.42
Trading Analysis of GBP/JPY
Ramsden, Bank of England: some further tightening is likely to be needed in the near term.






Our Analysis:

As long as price is above 153.59 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 156.29
  • Take profit 1: 157.88
  • Take Profit 2: 160.63

Alternative scenario:

If the level of 153.59 is broken-down, follow the recommendations below:                 
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 153.59
  • Take profit 1: 150.48
  • Take profit 2: 148.63
Fundamental Trading
Analysis of Cisco
Cisco Systems' stock price is up about 7 percent over the past three months, even as worries about inflation, rising interest rates, and geopolitical tensions have weighed on the technology sector.

Our Analysis:

As long as the price is above 54.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 56.24
  • Take Profit 1: 59.00
  • Take Profit 2: 62.00

Alternative scenario:

If the level of 54.00 is broken-down, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 54.00
  • Take profit 1: 52.00
  • Take Profit 2: 50.00
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.

No comments:

Post a Comment

What a year of no haircuts taught me about growing strong, healthy hair

The 8 Shoe Trends You'll See Everywhere In 2025 VIEW IN BROWSER ...