Daily Trading Analysis 10.08.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The pair could test its lows as costly natural gas prices and lingering supply-side threats leave the euro zone facing heightened recession risks, which will put pressure on the euro going forward, economists at CIBC Capital Markets report. Our Analysis: While the price is below 137.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.09 Take Profit 1: 139.30 Take Profit 2: 140.70 Alternative scenario: If the level 137.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 137.00 Take profit 1: 135.00 Take Profit 2: 133.35 Learn More Trading Analysis of GBP/JPY Bank of Japan sees the risk of accelerating price growth, but not enough to change policy - MNI. Our Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.02 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 Meta Platforms Meta Platforms is still one of the biggest names in the technology industry. Our Analysis: As long as the price is above 155.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 168.11 Take Profit 1: 183.00 Take Profit 2: 199.00 Alternative scenario: If the level of 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.00 Take Profit 1: 140.00 Take Profit 2: 125.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org