Daily Trading Analysis 13.10.2021

Trading Analysis of EUR/JPY
EUR/JPY: The intermediate resistance is at 131.75.







Our Analysis:

While the price is above 128.36, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 130.98
  • Take Profit 1: 132.00
  • Take Profit 2: 134.35

Alternative scenario:

If the level 128.36 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 128.36
  • Take profit 1: 126.72
  • Take Profit 2: 125.75
Trading Analysis of GBP/JPY
The Bank of Japan has lowered its economic assessment of five of Japan's nine regions.






Our Analysis:

As long as price is above 149.14 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 154.36
  • Take profit 1: 156.27
  • Take Profit 2: 158.29

Alternative scenario:

If the level of 149.14 is broken-down, follow the recommendations below:        
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 149.14
  • Take profit 1: 145.74
  • Take profit 2: 143.72
Fundamental Trading
Analysis of Disney
When it comes to the success story of 2021, one such example might seem to be the Walt Disney Company. This is the studio behind two of this year's highest-grossing movies.


Our Analysis:

As long as the price is above the 69.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 71.54
  • Take Profit 1: 76.60
  • Take Profit 2: 78.40

Alternative scenario:

If the level of 69.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 69.00
  • Take Profit 1: 66.60
  • Take Profit 2: 64.20
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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