Wednesday, June 22, 2022

Daily Trading Analysis 22.06.2022

Trading Analysis of EUR/JPY
Japanese Prime Minister Kishida: it is not necessary to correct the monetary policy now.






Our Analysis:

While the price is above 140.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 143.25
  • Take Profit 1: 145.00
  • Take Profit 2: 147.00

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
BoJ meeting minutes: The BoJ will continue easing if necessary.







Our Analysis:

As long as the price is above 164.35 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 167.03
  • Take profit 1: 168.48
  • Take Profit 2: 171.00

Alternative scenario:

If the level of 164.35 is broken-down, follow the recommendations below:      
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 164.35
  • Take profit 1: 162.40
  • Take profit 2: 159.60
Fundamental Trading
Analysis of Boeing
Boeing is a standout in the aerospace sector. While many stocks in that sector have outperformed the market in 2022, and some (Raytheon Technologies, AAR Corp, and Hexcel) are in positive territory altogether, Boeing stock is down as much as 36% in 2022 and 48% over the past year. So what's going on? And is this drop a buying opportunity?

Our Analysis:

As long as the price is below 142.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 136.49
  • Take Profit 1: 116.00
  • Take Profit 2: 106.00

Alternative scenario:

If the level of 142.00 is broken-out, follow the recommendations below:  
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 142.00
  • Take Profit 1: 157.00
  • Take Profit 2: 175.00
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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