Daily Trading Analysis 03.08.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY ECB: Eurozone fiscal stimulus to boost growth and lower inflation in 2022. Our Analysis: While the price is below 137.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 135.40 Take Profit 1: 133.35 Take Profit 2: 131.00 Alternative scenario: If the level 137.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.00 Take profit 1: 139.30 Take Profit 2: 140.70 Learn More Trading Analysis of GBP/JPY Amamiya: The Fed's policy moves could have different effects on the Japanese economy. Our Analysis: As long as the price is above 163.70 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.11 Take profit 1: 165.00 Take Profit 2: 167.00 Alternative scenario: If the level of 161.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.50 Take profit 1: 160.00 Take profit 2: 158.00 Learn More Fundamental Trading Analysis of McDonald's The slowdown in the U.S. market has failed to stop the positive global momentum for McDonald's. That was the main takeaway from the fast-food giant's recent earnings report, which covers sales through the end of June. Our Analysis: As long as the price is above the 257.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 260.86 Take Profit 1: 265.00 Take Profit 2: 270.00 Alternative scenario: If the level of 257.00 is broken-down, follow the recommendations below:      Time frame: D1 Recommendation: short position Entry point: 257.00 Take Profit 1: 252.00 Take Profit 2: 248.00 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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