Daily Trading Analysis 09.03.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Shimuzu, Bank of Japan: Inflation in Japan will clearly accelerate due to higher energy and commodity prices. Our Analysis: While the price is above 125.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 126.42 Take Profit 1: 127.50 Take Profit 2: 130.40 Alternative scenario: If the level 125.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.10 Take profit 1: 124.30 Take Profit 2: 122.75 Learn More Trading Analysis of GBP/JPY Kuroda, Bank of Japan: G7 sanctions are likely to have quite an impact on Russian finances. Our Analysis: As long as price is below 153.59 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.96 Take profit 1: 150.48 Take Profit 2: 148.36 Alternative scenario: If the level of 153.59 is broken-out, follow the recommendations below:              Time frame: D1 Recommendation: long position Entry point: 153.59 Take profit 1: 157.88 Take profit 2: 160.63 Learn More Fundamental Trading Analysis of Bitcoin Despite the recent lull in early 2022, when the cryptocurrency market lost about 20% of its value, the entire asset class has been an excellent investment in recent years. Our Analysis: As long as price is above 41000.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 41723.00 Take Profit 1: 45900.00 Take profit 2: 52000.00 Alternative scenario: If the 41000.00 level is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 41000.00 Take Profit 1: 35000.00 Take Profit 2: 29000.00 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.

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