Daily Trading Analysis 19.04.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY: Hits a new YTD high but stalls and meanders around 147.00.  Our Analysis: While the price is above 144.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 147.45 Take Profit 1: 148.00 Take Profit 2: 149.00 Alternative scenario: If the level 144.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.50 Take profit 1: 143.75 Take Profit 2: 142.60 Learn More Trading Analysis of GBP/JPY The GBP/JPY stalls at around 166.60s, unable to crack the YTD high at 167.00, printed on Tuesday, as Wednesday’s Asian session commence. Our Analysis: As long as the price is above 164.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.35 Take profit 1: 169.00 Take Profit 2: 172.00 Alternative scenario: If the level of 164.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 164.50 Take profit 1: 163.00 Take profit 2: 161.75 Learn More Fundamental Trading Analysis of Walmart Investors tend to count on Walmart in times of economic turmoil as a retailer, known for its economies of scale and everyday low prices, has long been considered a recession-proof business. Our Analysis: As long as the price is above 145.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.76 Take Profit 1: 151.00 Take Profit 2: 154.00 Alternative scenario: If the level of 145.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 145.00 Take Profit 1: 143.00 Take Profit 2: 141.00 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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