Daily Trading Analysis 02.11.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY drops half a percent as the bears keep reins around 145.80, down for the third consecutive day to early Wednesday morning in Europe. Our Analysis: While the price is above 144.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 145.70 Take Profit 1: 149.00 Take Profit 2: 151.00 Alternative scenario: If the level 144.00 is broken-down, follow the recommendations below:: Time frame: D1 Recommendation: short position Entry point: 144.00 Take profit 1: 142.50 Take Profit 2: 141.00 Learn More Trading Analysis of GBP/JPY The GBP/JPY retraces from YTD highs at 172.13 and tumbles for the second-straight day due to a risk-off impulse, but also traders booking profits in the GBP/USD ahead of the Federal Reserve’s policy decision on Wednesday. Our Analysis: As long as the price is above 166.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.56 Take profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level of 166.50 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 165.50 Take profit 1: 165.00 Take profit 2: 163.00 Learn More Fundamental Trading Analysis of Intel The other day there were several significant events with Intel stock. Our Analysis: As long as the price is above 27.50, follow the recommendations below: Time frame: D1 Recommendation:long position Entry point: 28.23 Take Profit 1: 30.00 Take Profit 2: 32.00 Alternative scenario: If the level of 27.50 is broken-down, follow the recommendations below:       Time frame: D1 Recommendation: short position Entry point: 27.50 Take Profit 1: 26.00 Take Profit 2: 25.00 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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