Daily Trading Analysis 06.10.2021

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY rises above the key barrier at 129.00 after an upside reversal. The pair rose for the second session in a row and has already managed to take the 129.00 level again on the background of stronger demand for the dollar and recovery of the treasury yields. Our Analysis: While the price is above 128.36, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.27 Take Profit 1: 130.27 Take Profit 2: 131.00 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 Learn More Trading Analysis of GBP/JPY Japan, Suzuki: received guidance from the new premier on easing policy. Our Analysis: As long as price is above 149.14 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.88 Take profit 1: 152.50 Take Profit 2: 156.27 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 Learn More Fundamental Trading Analysis of Boeing The 737 MAX flight ban and the COVID-19 pandemic combined caused demand for Boeing commercial aircraft to decline to start in 2019. Cargo aircraft has been a rare source of positive momentum in the company's commercial aircraft business.   Our Analysis: As long as price is above the 213.60 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 224.00 Take Profit 1: 241.20 Take Profit 2: 247.80 Alternative scenario: If the level of 213.60 is broken-down, follow the recommendations below:   Time frame: D1 Recommendation: short position Entry point: 213.60 Take Profit 1: 202.70 Take Profit 2: 196.50 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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