Wednesday, May 11, 2022

Daily Trading Analysis 11.05.2022

Trading Analysis of EUR/JPY
The Bank of Japan (BOJ) "should continue to support the economy with its current strong monetary policy easing," said Shinichi Uchida, the central bank's executive director for monetary policy, in a speech Tuesday.
Our Analysis:

While the price is above 134.25, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 137.37
  • Take Profit 1: 138.30
  • 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
Uchida, Bank of Japan: continuing to support the economy with massive monetary policy easing.






Our Analysis:

As long as price is below 162.20 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 160.75
  • Take profit 1: 159.50
  • Take Profit 2: 157.60

Alternative scenario:

If the level of 162.20 is broken-out, follow the recommendations below:             
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 162.20
  • Take profit 1: 164.62
  • Take profit 2: 168.45
Fundamental Trading
Analysis of Disney
Calculating risk and the potential reward is a fundamental requirement for any kind of investment. 





Our Analysis:

As long as the price is below 128.00, follow the recommendations below::
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 107.12
  • Take Profit 1: 100.00
  • Take Profit 2: 90.00

Alternative scenario:

If the level of 128.00 is broken-out, follow the recommendations below:: 
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 128.00
  • Take Profit 1: 144.00
  • Take Profit 2: 156.00
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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