Wednesday, July 13, 2022

Daily Trading Analysis 13.07.2022

Trading Analysis of EUR/JPY
The representative of the Bank of Japan: quick short-term movements on the currency market are undesirable.





Our Analysis:

While the price is below 139.40, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 137.71
  • Take Profit 1: 136.70
  • Take Profit 2: 134.70

Alternative scenario:

If the level 139.40 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 139.40
  • Take profit 1: 141.50
  • Take Profit 2: 144.20
Trading Analysis of GBP/JPY
Bank of Japan to raise FY2022 inflation forecast above 2% - Jiji.







Our Analysis:

As long as the price is below 162.40 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 163.56
  • Take profit 1: 164.65
  • Take Profit 2: 167.00

Alternative scenario:

If the level of 162.40 is broken-out, follow the recommendations below: 
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 162.40
  • Take profit 1: 160.35
  • Take profit 2: 159.10
Fundamental Trading
Analysis of Apple
Apple stock, like most other tech companies, has made investors experience a full range of emotions this year.





Our Analysis:

As long as the price is above 2200.00, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 2277.50
  • Take Profit 1: 2365.00
  • Take Profit 2: 2460.00

Alternative scenario:

If the level of 2200.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 2200.00
  • Take Profit 1: 2125.00
  • Take Profit 2: 2045.00
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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