Investment Recommendations March 30th | Hacked: Hacking Finance
user

Analysis

Investment Recommendations March 30th

Posted on .

Investment Recommendations March 30th

Introduction

This article was posted on Thursday, 18:09, UTC.

EUR/JPY: Short-Term Buy

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

EUR/JPY, 4-Hour Chart Analysis

The pair has been drifting lower in recent weeks, breaching the long-term rising trend-line this week. The downward momentum looks to be fading, underlined by the divergence in the MACD indicator. A possible failed break-down is developing on the 4-hour chart giving a low-risk entry for a short-term long position, with favorable stop-loss opportunities.

The 119 zone provides a good stop-loss exit level while the 121.20 resistance could be considered as a target level, with an initial target of 120.40. Long-term investors might also enter a position with a slightly wider stop-loss, probably below the 118.25 support level. For them the upper boundary of the long-term channel could serve as a target zone.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

GBP/USD: Short-Term Sell (Update)

GBP/USD, 1-Hour Chart Analysis

Both the Pound and the Dollar have been relatively strong against their major counterparts in the last couple of days, although the pair is still trading lower since our initial sell recommendation. The hourly chart shows a distinct 1-hour swing low near a prior short-term support level, which triggered a defensive move, to tighten the stop-loss on the recommendation in order to avoid losses.

Long-term traders cold even consider establishing a long position with if they think a new leg up is coming. The 1.2380 support provides an ideal stop-loss level. The prior high at 1.2615 is next major resistance level ahead.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

There are no comments.

View Comments (0) ...
Navigation
The team:
Dmitriy Lavrov
Analyst
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More
Jonas Borchgrevink
Founder
Jonas Borchgrevink is the founder of Hacked.com and CryptoCoinsNews.com. He is a serial entrepreneur, trader and investor. He shares his own personal journey on Hacked.com. // -- Discuss and ask Read More
Mate Csar
Analyst
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More
Mati Greenspan
Analyst
Senior Market Analyst at Etoro.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Important: Never invest Read More
Rakesh Upadhyay
Analyst
Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More
Pamela Meropiali
Account Manager
Pamela Meropiali is responsible for users on Hacked.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Read More
Joseph Young
Journalist
Joseph Young is a finance and tech journalist & analyst based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering Read More
Thursday Market Recap Asset Current Value Daily Change S&P 500…