Wednesday, March 16, 2022

Daily Trading Analysis 16.03.2022

Trading Analysis of EUR/JPY
ECB, de Kos: Ukrainian crisis will have a negative economic impact and increase inflationary pressure.





Our Analysis:

While the price is above 128.30, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 129.73
  • Take Profit 1: 130.40
  • Take Profit 2: 133.15

Alternative scenario:

If the level 128.30 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 128.30
  • Take profit 1: 126.40
  • Take Profit 2: 124.30
Trading Analysis of GBP/JPY
GBP/JPY has attracted buyers near the 200-DMA, rising above the 154.00 mark.






Our Analysis:

As long as price is above 153.59 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 154.33
  • Take profit 1: 157.88
  • Take Profit 2: 160.63

Alternative scenario:

If the level of 153.59 is broken-out, follow the recommendations below:             
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 153.59
  • Take profit 1: 150.48
  • Take profit 2: 148.36
Fundamental Trading
Analysis of AT&T
AT&T was once considered a solid asset for conservative, income-oriented investors.






Our Analysis:

As long as the price is above the 22.70 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 22.98
  • Take Profit 1: 24.00
  • Take Profit 2: 25.50

Alternative scenario:

If the level of 22.70 is broken-down, follow the recommendations below:         
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 22.70
  • Take Profit 1: 22.00
  • Take Profit 2: 21.00
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