Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY climbs towards 192.80 after UK Services PMI hit an 11-month high. Pivot: 192.80 Analysis: As long as the price is above 188.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 192.80 Take profit 1: 194.00 Take Profit 2: 196.00 Alternative scenario: If the level of 188.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 188.00...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD bears hold sway, subtle signs of potential bullish reversal emerging. NZD/USD,D1 Pivot: 0.5912 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5912 Take Profit 1: 0.5800 Take Profit 2: 0.5900 Alternative scenario: If level 0.6050 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6050...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD steady near 1.0650 as markets gear up for PMI-heavy Tuesday. EUR/USD,D1 Pivot: 1.0640 Analysis: While the price is below 1.0700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0640 Take Profit 1: 1.0500 Take Profit 2: 1.0400 Alternative scenario: If level 1.0700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0700 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD moves below 1.3750, extends losses despite lower crude Oil prices. Pivot: 1.3720 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3720 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains on the defensive below 0.6450, investors await Australian CPI data. AUD/USD,D1 Pivot: 0.6434 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6434 Take Profit 1: 0.6600 Take Profit 2: 0.6700 Alternative scenario: In case level 0.6400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...