Daily Trading Analysis 20.04.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Analysts at Commerzbank believe that the Finance Ministry and the Bank of Japan will now try "verbal" interventions and express growing concern about yen weakness, hoping that the market will stop the yen collapse for fear of interventions. Our Analysis: While the price is above 133.35, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 139.11 Take Profit 1: 139.70 Take Profit 2: 141.00 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 Kuroda is in a catch-22 situation. Should he raise interest rates despite persistent negative core inflation? That, too, would be futile. The preferred instrument would be one that specifically targets yen exchange rates. And the first tool to think about would be intervention in the foreign exchange market. Our Analysis: As long as price is above 158.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.60 Take profit 1: 168.40 Take Profit 2: 170.00 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 Meta Platforms Meta Platforms investors are still recovering from the stock's colossal drop after last quarter's earnings report. The social media company fell short on some key metrics, but it was the 2022 outlook for the first quarter that really sent the stock into a downward spiral. Our Analysis: As long as the price is below 237.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 216.98 Take Profit 1: 207.60 Take Profit 2: 185.00 Alternative scenario: If the 237.00 level is broken-out, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 237.00 Take Profit 1: 270.00 Take Profit 2: 299.00 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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