Daily Trading Analysis 29.03.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY fades part of the auspicious start of the week and probes the 141.00 neighbourhood on Tuesday.  Our Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 142.81 Take Profit 1: 141.50 Take Profit 2: 140.00 Alternative scenario: If the level 143.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 143.00 Take profit 1: 144.20 Take Profit 2: 145.60 Learn More Trading Analysis of GBP/JPY GBP/JPY is climbing in Asia as the Yen gets sold off. The bulls are sitting in the wings looking for a discount as the following illustrates. Our Analysis: As long as the price is above 162.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.41 Take profit 1: 165.00 Take Profit 2: 169.00 Alternative scenario: If the level of 162.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 162.00 Take profit 1: 159.00 Take profit 2: 157.00 Learn More Fundamental Trading Analysis of Bitcoin Bitcoin, which has risen more than 60 percent since the beginning of this year, just had its best week since December 2020. Our Analysis: As long as the price is above 23750.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 27832.00 Take Profit 1: 30000.00 Take Profit 2: 33000.00 Alternative scenario: If the level of 23750.00 is broken-down, follow the recommendations below:                 Time frame: D1 Recommendation: short position Entry point: 23750.00 Take Profit 1: 21300.00 Take Profit 2: 19600.00 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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