Wednesday, April 27, 2022

Daily Trading Analysis 27.04.2022

Trading Analysis of EUR/JPY
Japan, Suzuki: watching the effects of a weaker yen "with a sense of urgency".







Our Analysis:

While the price is above 134.25, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 136.01
  • Take Profit 1: 137.60
  • Take Profit 2: 140.00

Alternative scenario:

If the level 134.25 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 134.25
  • Take profit 1: 132.65
  • Take Profit 2: 130.45
Trading Analysis of GBP/JPY
The Bank of Japan offers to buy an unlimited amount of 10-year JBG at 0.25%.







Our Analysis:

As long as price is above 159.88 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 160.97
  • Take profit 1: 164.62
  • Take Profit 2: 168.45

Alternative scenario:

If the level of 159.88 is broken-down, follow the recommendations below:           
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 159.88
  • Take profit 1: 157.60
  • Take profit 2: 155.45
Fundamental Trading
Analysis of Twitter
Twitter stunned Wall Street this Monday by announcing an agreement to be acquired by notorious Elon Musk, taking the company private.



Our Analysis:

As long as the price is above the 44.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 49.37
  • Take Profit 1: 53.50
  • Take Profit 2: 58.00

Alternative scenario:

If the level of 44.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 44.00 
  • Take Profit 1: 40.00
  • Take Profit 2: 36.00
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.

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