Daily Trading Analysis 21.09.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY has sensed barricades around 143.40 after a less-confident pullback in the early Asian session. The asset witnessed a steep fall on Tuesday after failing to recapture the critical resistance of 144.47. Our Analysis: While the price is above 141.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 143.28 Take Profit 1: 144.25 Take Profit 2: 145.60 Alternative scenario: If the level 141.30 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 141.30 Take profit 1: 140.50 Take Profit 2: 139.50 Learn More Trading Analysis of GBP/JPY GBP/JPY remains pressured towards the 200-SMA as it extends the previous day’s losses to 163.40 during Wednesday’s Asian session. Our Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.48 Take profit 1: 165.90 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 Chevron Chevron has already become synonymous with "big oil company". CVX, with a capitalization of $314.40 billion, is one of the world's oil giants. Our Analysis: As long as the price is above 149.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 156.17 Take Profit 1: 164.00 Take Profit 2: 172.00 Alternative scenario: If the level of 149.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 149.00 Take Profit 1: 143.00 Take Profit 2: 137.00 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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