Daily Trading Analysis 13.04.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The BoJ is unlikely to be satisfied with the current rate of depreciation of the yen and will take countermeasures if it continues. But in principle the central bank should be interested in a weak national currency. Its aim should be to stop the current excessive movement, but to stabilize the yen at weak levels. Our Analysis: While the price is above 133.35, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.07 Take Profit 1: 137.50 Take Profit 2: 139.00 Alternative scenario: If the level 133.35 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 133.35 Take profit 1: 131.50 Take Profit 2: 127.90 Learn More Trading Analysis of GBP/JPY The yen suffers from a global inflation shock from the supply side, because the Bank of Japan (BoJ) might not react - unlike most other G7 central banks. In that regard, only some yen recovery seems likely, according to economists at Commerzbank. Our Analysis: As long as price is above 158.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.35 Take profit 1: 165.00 Take Profit 2: 167.00 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 Intel Intel, the world's largest maker of central processing units (CPUs) for PCs and servers, is often considered a stable investment for conservative investors.  Our Analysis: As long as the price is below 52.90, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 46.46 Take Profit 1: 44.70 Take Profit 2: 42.70 Alternative scenario: If the level of 52.90 is broken-out, follow the recommendations below:                Time frame: D1 Recommendation: long position Entry point: 52.90 Take Profit 1: 56.30 Take Profit 2: 58.30 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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