Wednesday, August 30, 2023

Daily Trading Analysis 30.08.2023

Trading Analysis of EUR/JPY

EUR/JPY climbs but remains shy of 159.00 and YTD highs; downside risks remain.







Our Analysis:


While the price is above 155.80, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 158.79
  • Take Profit 1: 160.00
  • Take Profit 2: 162.00


Alternative scenario:


If the level 155.80 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 155.80
  • Take profit 1: 154.00
  • Take Profit 2: 152.00
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Trading Analysis of GBP/JPY

GBP/JPY bulls struggle below 185.00 on downbeat UK inflation clues, Japan employment data.






Our Analysis:


As long as the price is above 184.00 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 184.54
  • Take profit 1: 187.00
  • Take Profit 2: 189.00


Alternative scenario:


If the level of 184.00 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 184.00
  • Take profit 1: 182.50
  • Take profit 2: 180.60
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Fundamental Trading

Analysis of Alphabet

Alphabet Inc. has decisively outperformed expectations in its most recent financial report for Q2 2023, concluding on June 30.





Our Analysis:


As long as the price is above 126.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 134.98
  • Take Profit 1: 140.00
  • Take Profit 2: 148.00


Alternative scenario:


If the level of 126.00 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 126.00
  • Take Profit 1: 121.00
  • Take Profit 2: 115.00
Learn More
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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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