Daily Trading Analysis 05.04.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY struggles to justify growth optimism for the bloc around 144.00, EU/Japan PMIs eyed.  Our Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 144.01 Take Profit 1: 145.60 Take Profit 2: 146.60 Alternative scenario: If the level 143.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 143.00 Take profit 1: 142.00 Take Profit 2: 141.50 Learn More Trading Analysis of GBP/JPY GBP/JPY eyes more downside below 164.00 despite soaring hawkish BoE bets. Our Analysis: As long as the price is above 162.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.11 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 Amazon Macroeconomic factors last year led to a market decline that affected many tech stocks, and Amazon stock fell nearly 50 percent during the year. Our Analysis: As long as the price is above 96.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 103.08 Take Profit 1: 106.00 Take Profit 2: 113.00 Alternative scenario: If the level of 96.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 96.00 Take Profit 1: 93.00 Take Profit 2: 90.60 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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