Daily Trading Analysis 06.04.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The Euro will remain under pressure due to new sanctions against Russia - Commerzbank. Our Analysis: While the price is above 130.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 134.83 Take Profit 1: 137.50 Take Profit 2: 139.00 Alternative scenario: If the level 130.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130.60 Take profit 1: 127.90 Take Profit 2: 126.40 Learn More Trading Analysis of GBP/JPY Kuroda, Bank of Japan: it's too early to discuss an exit strategy for the easing policy. Our Analysis: As long as price is above 158.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.75 Take profit 1: 163.50 Take Profit 2: 164.70 Alternative scenario: If the level of 158.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 158.00 Take profit 1: 155.15 Take profit 2: 152.85 Learn More Fundamental Trading Analysis of Tesla On March 28, Tesla made headlines when management announced at its annual shareholder meeting that it intended to seek shareholder approval for a stock split. Our Analysis: As long as the price is above the 1000.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1089.00 Take Profit 1: 1151.00 Take Profit 2: 1251.00 Alternative scenario: If the level of 1000.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1000.00 Take Profit 1: 891.00 Take Profit 2: 785.00 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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