Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY posts a third straight day of losses, rounding the corner to 185.00. Pivot: 185.24 Analysis: As long as the price is above 184.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 185.24 Take profit 1: 188.50 Take Profit 2: 190.00 Alternative scenario: If the level of 184.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD gains ground above 0.6160 following Chinese Services PMI data. NZD/USD,D1 Pivot: 0.6152 Analysis: While the price is above 0.6050, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6152 Take Profit 1: 0.6250 Take Profit 2: 0.6350 Alternative scenario: If level 0.6050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6050 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: Downward momentum gathers traction – UOB. EUR/USD,D1 Pivot: 1.0832 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0832 Take Profit 1: 1.1040 Take Profit 2: 1.1180 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800 Take Profit 1: 1.0700...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD to dive toward 1.34 on a break below the 1.35 area – Scotiabank. Pivot: 1.3523 Analysis: While the price is below 1.3650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3523 Take Profit 1: 1.3500 Take Profit 2: 1.3400 Alternative scenario: If level 1.3650 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3650 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD corrects from the multi-month top, downside seems limited ahead of RBA on Tuesday. AUD/USD,D1 Pivot: 0.6651 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6651 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
