Wednesday, June 15, 2022

Daily Trading Analysis 15.06.2022

Trading Analysis of EUR/JPY
Japan's Finance Minister Suzuki: If necessary, we will take appropriate steps on the forex market.






Our Analysis:

While the price is above 140.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 141.21
  • Take Profit 1: 144.00
  • Take Profit 2: 146.00

Alternative scenario:

If the level 140.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 140.00
  • Take profit 1: 138.35
  • Take Profit 2: 136.85
Trading Analysis of GBP/JPY
The Bank of Japan announced that it will offer additional bond purchases for JGBs on Wednesday.





Our Analysis:

As long as the price is below 164.35 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 162.19
  • Take profit 1: 159.60
  • Take Profit 2: 155.50

Alternative scenario:

If the level of 164.35 is broken-out, follow the recommendations below:              
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 164.35
  • Take profit 1: 168.48
  • Take profit 2: 171.00
Fundamental Trading
Analysis of Alphabet
One of the most dominant companies in the world, Alphabet owns the Google search engine, the YouTube video platform, and the Android operating system.



Our Analysis:

As long as the price is below 2211.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2143.00
  • Take Profit 1: 2040.00
  • Take Profit 2: 1940.00

Alternative scenario:

If the level of 2211.00 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 2211.00
  • Take Profit 1: 2365.00
  • Take Profit 2: 2465.00
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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