Daily Trading Analysis 18.05.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Japan, Suzuki: closely watching the forex effect on the economy 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: 135.96 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 Learn More Trading Analysis of GBP/JPY Amamiya, Bank of Japan: it is important to maintain the current strong easing to help the economy. Our Analysis: As long as price is below 162.20 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.02 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 Learn More Fundamental Trading Analysis of Alphabet Over the past few weeks, companies, specifically, the big tech companies, have been reporting earnings. In 2021, Alphabet posted impressive results quarter after quarter. Our Analysis: As long as the price is below 2480.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2334.00 Take Profit 1: 2205.00 Take Profit 2: 2100.00 Alternative scenario: If the level of 2480.00 is broken-out, follow the recommendations below:         Time frame: D1 Recommendation: long position Entry point: 2480.00 Take Profit 1: 2635.00 Take Profit 2: 2735.00 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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